Warren Buffett's Berkshire Hathaway reported net income of $35.91 billion for the second quarter, boosted by stock holdings such as Apple.  ( 17 min )

Discover what Warren Buffett's investment stance is toward gold and silver, why he likes one of them a lot and the other one not at all.  ( 18 min )

Defaults on student loans happen all the time and they can have substantial consequences on a borrower's financial future, but legislation pends to help out.  ( 23 min )

Commercial insurance, or business insurance, is coverage purchased by businesses to protect them from the costs of unexpected events during normal operations.  ( 21 min )

Parents want their kids to get a good education, but whether a private school is worth it depends on its cost, your child's aptitudes, and many other factors.  ( 22 min )

Some countries in Europe, such as Norway, Finland, and Germany, provide free or low-cost university education for all students.  ( 24 min )

Reality star Kylie Jenner just launched her own line of Bratz dolls. Jenner has a net worth of $680 million as of August 2023, thanks to her successful makeup brand, Kylie Cosmetics.  ( 19 min )

Certificates of deposit (CDs) vary in length, but there are some standard terms. Find out more about the most common maturities to choose for your savings goals.  ( 22 min )

Credit ratings are an important tool for borrowers, both individuals and corporations. Learn about the benefits to having a good credit rating and how to improve it.  ( 21 min )

Would you rather lend money to the United States, or New Zealand? Going by credit rating alone, that could be a tossup, after Fitch Ratings downgraded its assessment of the U.S. on Tuesday.  ( 19 min )

Learn the basic lingo of bonds to unveil familiar market dynamics and open to the door to becoming a competent bond investor.  ( 28 min )

In a first-loss policy, the insured agrees to take less than full value for damaged property in return for not being penalized for under-insuring the property.  ( 22 min )

Best's Capital Adequacy Relativity (BCAR) is a rating of an insurance company’s balance sheet strength. It examines an insurer’s leverage, underwriting activities, and financial performance.  ( 19 min )

Additional living expense insurance covers additional costs of living incurred by a policyholder who is temporarily displaced from their place of residence.  ( 23 min )

Though paid family and medical leave policies can provide needed financial support, each state determines how they work and what they actually entail.  ( 34 min )

The Iraqi dinar is a hot investment—but is it a wise one?  ( 23 min )

HUD homes have been acquired by the federal government after foreclosure on an FHA-insured mortgage. Learn more about the benefits and risks of buying one.  ( 31 min )

Avoid these common pitfalls if you're considering investing in rental property.  ( 23 min )

The chief operating officer (COO) is a senior executive tasked with overseeing the day-to-day administrative and operational functions of a business.  ( 28 min )

Renters insurance is property insurance that covers a policyholder’s belongings, liability, and possibly living expenses in case of a loss event.  ( 22 min )

Many other public companies release their earnings results during the trading week.  ( 26 min )

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Seasonal trends point to a weak August for stocks.  ( 32 min )

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(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. posted $10.04 billion in second-quarter operating profit as strength in its insurance businesses helped counter inflationary pressures that have weighed on the sprawling conglomerate in the last year. Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenSouth Africa Spurns US Pressu  ( 31 min )

Berkshire Hathaway on Saturday posted its highest-ever quarterly operating profit, bolstered by improved results in its insurance businesses, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit. Operating profit rose 7% to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier. Net income totaled $35.91 billion, or $24,775 per Class A share, compared with a year-earlier $43.62 billion loss.  ( 29 min )

Quarterly earnings rose for Warren Buffett’s holding company and most of its underlying businesses.  ( 25 min )

Investors are pushing Tupperware, Yellow and Rite Aid higher  ( 27 min )

One in 6 asset and wealth management companies will be bought or shut down in the next five years, according to a PwC survey of asset managers and institutional investors.  ( 32 min )

Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment."  ( 39 min )

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Toyota, the world's top-selling automaker, nearly doubled its operating profit from a year earlier as better pricing, productivity gains, and supply-chain improvements boosted sales.  ( 1 min )

De klokkenluider die de Panama Papers in 2016 lekte aan de Süddeutsche Zeitung eist 14,5 miljoen euro van de Duitse politie. De Duitse politie zou namelijk een beloning van miljoenen euro's hebben bemiddeld voor de klokkenluider.  ( 3 min )

iPhone-producent Foxconn, een van 's werelds grootste elektronicafabrikanten, voorspelt dat de verkopen in de komende maanden zullen aantrekken na de dip in de eerste helft van dit jaar. Dat lijkt een gunstig teken voor Apple, waarvoor Foxconn veel apparatuur maakt.  ( 3 min )

Griekse staatsobligaties zijn weer interessant om in te investeren. Tot die slotsom is de Europese kredietbeoordelaar Scope Ratings gekomen. Het gaat om een teken dat Griekenland zijn overheidsfinanciën jaren na de eurocrisis eindelijk weer op orde lijkt te hebben.  ( 4 min )

NASA heeft weer contact gekregen met de Voyager 2, de ruimtesonde die zich op 19,9 miljard kilometer van de aarde bevindt. Het contact met de in 1977 gelanceerde Voyager 2 was even verdwenen door een foutje van de vluchtleiding.  ( 4 min )

Een grote Amerikaanse mededingingsrechtszaak tegen Google wordt dunner dan aanklagers voor ogen hadden. Een rechter heeft verschillende beschuldigingen geschrapt, omdat niet voldoende aangetoond is dat de zoekresultaten van Google schade toebrengen aan rivalen.  ( 4 min )

Wie de komende weken nog op vakantie wil moet niet kieskeurig zijn. Lastminutebestemmingen zijn door het slechte Nederlandse weer zo in trek, dat veel vluchten naar populaire bestemmingen en hotels vol zitten.  ( 4 min )

In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: het grote laadplein dat een uitstootvrije bouwplaats mogelijk maakt, zonder files op het stroomnet te creëren.  ( 4 min )

In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: het grote laadplein dat een uitstootvrije bouwplaats mogelijk maakt, zonder files op het stroomnet te creëren.  ( 4 min )

Wie deze zomer met de auto op vakantie gaat, doet er goed aan om in het buitenland te tanken. Maar in welk land ben je het goedkoopst uit?  ( 4 min )

If the U.S. Supreme Court rules in favor of President Biden’s student loan forgiveness plan, the Department of Education will notify lenders which borrowers are eligible for up to $20,000 in debt relief.  ( 26 min )

Perform a thorough checkup to uncover a medical stock with a clean bill of health.  ( 24 min )

Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.  ( 18 min )

An automatic premium loan is an insurance policy provision that lets an insurer deduct an outstanding premium from the cash value of a policy.  ( 20 min )

The S&P 500 fell 0.5% on Friday, Aug. 4, 2023, after the Labor Department's latest jobs report showed the pace of hiring slowed.  ( 17 min )

Sovereign bond yield is the interest rate paid to the buyer of the bond by the government, or sovereign entity, issuing that debt instrument.  ( 21 min )

Education and training benefit not only the worker but also the employer and the country as a whole.  ( 31 min )

Which type of brokerage you choose depends on your needs and preferences. Find out the benefits of human, self-directed, and robo-advisors.  ( 29 min )

While robo-advisors can certainly be a good option, young investors shouldn't be completely opposed to hiring a financial advisor.  ( 26 min )

Find out which four degrees oil companies want to see on the resumes of new hires, and find out why the industry still pursues these graduates.  ( 20 min )

Regardless of whether a shareholder loses their stock certificate, that person still owns the shares.  ( 19 min )

The student loan forgiveness program is dead, given the Supreme Court ruling against it. You may have other options for relief, including some brand-new ones.  ( 26 min )

Shares of Icahn Enterprises tumbled after the investment firm cut its dividend in half in the wake of criticism from Hindenburg Research.  ( 18 min )

Only the biggest foreign investors may buy Saudi stocks directly. Non-billionaires can find exchange-traded funds that focus on Mideast investments.  ( 19 min )

U.S. equities were higher at midday on Friday, Aug. 4, 2023 on the back of strong earnings reports, while a cooler-than-expected July jobs report raised optimism the Fed could ease back on its campaign of rate hikes to cool inflation.  ( 16 min )

The Kelley Blue Book is the most popular used-car buying guide. Here’s a look at just how trustworthy it is – plus a comparison with the competition.  ( 22 min )

Despite their name, junk bonds can be profitable for informed investors, but their higher returns come with higher risks.  ( 24 min )

The Energy Department recently canceled a planned purchase of 6 million barrels of crude oil for the nation's Strategic Petroleum Reserve (SPR) amid high oil prices.  ( 18 min )

Socially responsible and ESG investing are gaining traction, especially with younger investors who also may be attracted to the technologically-focused investment platforms that robo-advisors provide.  ( 25 min )

Mortgage rates jumped higher, with the 30-year average rising for a third day and 15-year rates reaching a four-week high. Meanwhile, the 30-year refi average dipped.  ( 20 min )

Find out why this type of funding is so controversial and where it has gone wrong in the past.  ( 23 min )

There is a structure of major companies in Japan, known as keiretsu, and it is steeped in tradition and relationships.  ( 22 min )

Toyota, GAC-Toyota, and Pony.ai will invest $140 million to manufacture a fleet of driverless taxis in China.  ( 16 min )

Understanding the factors behind Treasury yields and interest rates is crucial for an investor.  ( 27 min )

Halfway through a economically confusing and, at times, turbulent 2023, many investors are questioning how they should proceed with their investment strategy  ( 17 min )

The uninsured rate fell to 7.7% in the first quarter of 2023, down from 8.3% in the last quarter of 2022. However, a pandemic-era rule expiration means that 3.9 people may have lost Medicaid coverage since April, possibly driving the uninsured rate back up.  ( 18 min )

Even after the company’s rocky acquisition by Elon Musk, Twitter’s main streams of revenue are still advertising and data licensing.  ( 25 min )

Amazon shares jumped after the company reported stronger than expected earnings, with robust ad revenue helping to offset slower growth in cloud.  ( 17 min )

Apple reported better-than-expected services revenue in Q3 2023, helping boost net income even as falling iPhone sales led to a third straight quarter of net product revenue declines.  ( 19 min )

Job growth is projected to slow and Amazon shares are soaring after the ecommerce giant blew by analyst revenue expectations. Here’s what investors need to know today.  ( 19 min )

What you need to know to keep those baubles, bangles, and beads safe.  ( 20 min )

Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. Learn how it works.  ( 25 min )

Learn about the process, laws, and guidelines of real estate agents paying other agents for referrals, and how brokers and licenses are involved.  ( 21 min )

A book runner is the main underwriter or lead manager when an investment bank issues new equity, debt, or securities instruments. Learn what the role entails.  ( 21 min )

Private mortgage insurance (PMI) can be avoided by with a down payment of 20% or more or ended early by building up a 20% equity stake in a home.  ( 24 min )

Don’t look for lower inflation or interest-rate cuts anytime soon. Instead, higher bond yields probably are in the offing.  ( 26 min )

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Strategists have been rushing to catch up with the market, but stocks had other things in mind.  ( 26 min )

A warning about slowing sales sent Fortinet's stock spiraling lower Friday.  ( 11 min )

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Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.  ( 20 min )

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(Bloomberg) -- The biggest US lenders expect to pay almost $8.9 billion to help replenish the US government’s bedrock Deposit Insurance Fund after it was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank. Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenSouth Africa Spurns US Pressure to Stop Using Chi  ( 32 min )

(Bloomberg) -- The US government is on the hook to investors for more than $25 trillion as it ramps up borrowing to plug a widening budget gap.Most Read from BloombergS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveElon Musk Says Treasury Bills Are ‘No-Brainer’Fired-Up Traders Get Burned in ‘Everything Selloff’The combined total amount of Treasury bills, n  ( 30 min )

Analysts at Evercore downgraded the stock to the equivalent of Hold because of Intensifying competition and declines in operating margins.  ( 26 min )

Newer investors sometimes struggle to understand the difference between earnings per share (EPS), funds from operations (FFO) and revenue in the context of real estate investment trusts (REITs). Revenue represents the total amount of money that a company generates from sales, rents or other sources. Earnings per share refers to the company's profitability after deducting all expenses from its revenue. Higher revenue does not guarantee significant profitability if expenses are also high. Converse  ( 32 min )

(Bloomberg) -- When skepticism shifts to euphoria as quickly as it has in 2023’s stock and bond markets, the comeuppance is apt to be swift.Most Read from BloombergS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveElon Musk Says Treasury Bills Are ‘No-Brainer’Credit Suisse Collapsed, And Switzerland Went Back to Making MoneyThat was the tale of the tape this  ( 32 min )

Stocks flipped into the red Friday to close out a rough first few days in August.  ( 32 min )

Apple's services business has set consecutive sales records, but Wall Street was more focused on sliding revenue from hardware.  ( 32 min )

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Asset sales in Q2 helped Nikola add cash to its balance sheet, but losses widened as ramp-up of fuel cell trucks consumed cash. The post Nikola’s cash position improves but losses widen in Q2 appeared first on FreightWaves.  ( 33 min )

Companies like Joby and Archer are about to begin production of electric vertical takeoff and landing aircraft. For investors, the upside could be in the billions. For city dwellers, the skies will never be the same.  ( 35 min )

The company's assets have attracted the interest of a potential financial bidder, the report said adding that the bankruptcy filing could turn into a liquidation. Yellow did not immediately respond to a Reuters request for comment. The cash-strapped U.S. trucking company had ceased operations and was planning to file for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday.  ( 31 min )

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Shares of Icahn Enterprises tumbled after the investment firm cut its dividend in half in the wake of criticism from Hindenburg Research.  ( 18 min )

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Fortinet isn't having a good day. And the information-technology giant is pulling other stocks down alongside its own. Shares in the cybersecurity company plunged some 25%, making it easily the worst-performing stock in the S&P 500, according to Dow Jones Market Data. The decline wiped out much of  ( 23 min )

Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha  ( 31 min )

Denny's served up a fresh reading on how the consumer feels about inflation in its latest earnings report.  ( 32 min )

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It’s clear now that we saw the market bottom out last October. The S&P 500 is up about 1,000 points, or ~27%, from that trough. The question for investors now is, what happens next? Mike Wilson, the well-known strategist from Morgan Stanley, has a reputation as an uber-bear, but he’s pulling back from that in a recent note. “The data we have today suggests to us that we are in a policy-driven, late-cycle rally,” Wilson says. He goes on to note several supportive factors, including a reduced rate  ( 35 min )

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Apple achieved a major milestone, with 1 billion subscribers to its services business. But instead of taking a victory lap, Apple is watching its stock get pummeled.  ( 32 min )

Russia said on Friday that U.S. bank JPMorgan had this week stopped processing payments for the Russian Agricultural Bank as Moscow demanded action, not promises, from Washington to help Russian grain and fertilizer reach global markets. Under a related pact - also brokered in July 2022 - U.N. officials agreed to help facilitate Russian food and fertilizer exports. U.S. Secretary of State Antony Blinken told reporters on Thursday that Washington would continue to do "whatever is necessary" to ensure Russia can freely export food if the Black Sea grain deal was revived.  ( 32 min )

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Months into the fallout from a damning short-selling report, shares for corporate raider and activist investor Carl Icahn's conglomerate Icahn Enterprises plunged Friday after the firm halved its quarterly dividend. In sharing second-quarter financial results on Friday, Icahn Enterprises declared a distribution of $1 per depositary unit, representing a 12% annualized yield. Following the announcement, IEP stock fell about 30% Friday morning.  ( 31 min )

Shares of Tupperware surged on Friday after the company announced a debt restructuring agreement. The stock was recently up about 40%. The jump accented a wild week of trading in shares of the distressed com  ( 22 min )

(Bloomberg) -- Carl Icahn’s fortune fell $2.7 billion Friday after the activist investor made corporate changes in tacit response to a short seller’s scathing report published three months ago.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Faces Longest Sales Drop in Decades as iPhone SlumpsQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapStocks Rise, Bond Yields Fall After Mixed Jobs: Mark  ( 31 min )

Apple's services business has set consecutive sales records, but Wall Street was more focused on sliding revenue from hardware.  ( 32 min )

A multi-billion dollar company is closing its manufacturing facility in Durham and shifting operations to Georgia.  ( 9 min )

Tesla hasn't had a very good week. Investors could be looking at a bounce if a couple of things go right.  ( 27 min )

There's "obviously a mismatch" between Anheuser-Busch's market value and their employee numbers, Anson Frericks says while predicting more layoffs are coming.  ( 32 min )

Despite its strong start to the year, the drugmaker’s report on Tuesday should lift shares even further.  ( 26 min )

The departure of Western brands from Russia following Vladimir Putin’s invasion of Ukraine was supposed to change daily life in Moscow. Instead, it has triggered a proliferation of doppelgangers.  ( 34 min )

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Shares of electric-vehicle maker Nikola dropped in early trading Friday after the company said its chief executive would step down, to be replaced by its chairman. Nikola stock was recently off more than 9%. The compa  ( 22 min )

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Apple downgraded, Amazon upgraded: Wall Street's top analyst calls  ( 32 min )

The start-up named a new CEO, released earnings, and got investors to agree to a key shareholder proposal.  ( 26 min )

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Retiring at 50 is a lofty goal that gives you plenty of time to pursue all the projects you couldn't get to in your career and make memories with friends and family. However, leaving the workforce 12 years before you … Continue reading → The post Is $5 Million Enough to Retire on at 50? appeared first on SmartAsset Blog.  ( 35 min )

Retirees face sizable out-of-pocket costs for premiums, copays and uncovered services. One way to gauge this burden is to look at how much these medical costs eat into their Social Security benefits and other income. Here's a look at how … Continue reading → The post How Much Retirement Income You'll Have After Paying Medical Expenses appeared first on SmartAsset Blog.  ( 32 min )

Not many people would pass up the opportunity to retire early. In fact, there's an entire movement built around the idea of early retirement – Financial Independence, Retire Early (FIRE). Need help planning for retirement? Consider working with a fiduciary … Continue reading → The post Early Retirement Can Create a Financial Crisis appeared first on SmartAsset Blog.  ( 32 min )

Amazon stock jumped on Friday after the tech giant proved its cloud still had its silver lining in Q2.  ( 32 min )

I'm afraid of the stock market. With my first investment, I lost 60% of my money. So I'm strictly into bonds. With interest rates low, what's your advice? Should I stay or try something else? -Jerold It's reasonable to be … Continue reading → The post Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With? appeared first on SmartAsset Blog.  ( 33 min )

Apple reported quarterly earnings Thursday after the bell that showed a third straight quarter of revenue declines with iPhone sales missing forecasts.  ( 33 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

The U.S. economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the unemployment rate pointed to continued tightness in labor market conditions. There are broad indicators that the labor market is cooling.  ( 30 min )

The company posts a second-quarter loss of 72 cents a share, wider than the year-earlier loss of 41 cents.  ( 26 min )

Stocks looked to rebound Friday to close out a rough first few days in August.  ( 31 min )

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Icahn Enterprises is cutting its dividend in half and said it would wind down bets that the stock market would collapse, which have inflicted heavy losses.  ( 27 min )

Icahn Enterprises on Friday said it would cut its dividend payout months after short seller Hindenburg Research accused the investment firm of operating a "Ponzi-like" structure to pay dividends. The investment firm, owned by Carl Icahn, said it would distribute $1 per depositary unit to its investors, lower than its usual quarterly dividend of $2 per unit. Shares of Icahn Enterprises fell 24% in premarket trading.  ( 30 min )

(Bloomberg) -- Apple Inc., Samsung Electronics Co. and HP Inc. are among the biggest names freezing new imports of laptops and tablets to India after the South Asian country abruptly banned inbound shipments without a license.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Surprises in China, Sets India High During Sales SlumpChina Official’s  ( 31 min )

After Apple's third consecutive quarter of declining revenue, some Wall Street analysts say its valuation is looking stretched.  ( 26 min )

Electric truck maker Nikola said on Friday that Michael Lohscheller will step down as chief executive officer and would be replaced by Stephen Girsky at the end of the month. Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check. Lohscheller has decided to step down due to a family health matter and will be returning to Europe, the company said, adding that he would remain in an advisory capacity through the end of September.  ( 30 min )

EV start-up Fisker reported second-quarter sales of less than $1 million. Wall Street was looking for close to $50 million.  ( 26 min )

Chief Financial Officer Keith Jensen says an 'unusually large volume of deals' expected to close in June were pushed out to future quarters instead.  ( 26 min )

Congress could soon change how spouses access their retirement accounts. A pair of Democratic bills recently introduced in the House and Senate would require spouses to consent before either one can make any withdrawals from their 401(k) accounts. The bills, sponsored by Rep. Lauren Underwood, D-Illinois, and Sen. Tammy Baldwin, D-Wisconsin, seek to amend the […] The post Spouses May Soon Need to Agree on 401(k) Withdrawals Under This Proposed Law appeared first on SmartReads by SmartAsset.  ( 31 min )

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Major property insurance companies are reducing coverage in a number of states or leaving them altogether as losses mount, and consumers are seeing their coverage yanked.  ( 33 min )

Tupperware said on Thursday it had struck an agreement with its lenders which will help reduce or reallocate about $150 million of cash interest and fees, and would give it immediate access to a revolving borrowing capacity of about $21 million. Widely recognized for its bright-colored plastic airtight containers, the company had recently caught retail traders' attention, which has helped drive a more than 449% share surge over the past three weeks. Tupperware was the fourth most touted stock on investors-focused social media, stocktwits.com on Friday.  ( 31 min )

(Bloomberg) -- Petroleo Brasileiro SA slashed politically contentious dividends after profits declined and the Brazilian oil major set a more conservative policy for shareholder payouts. Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Faces Longest Sales Drop in Decades as iPhone SlumpsApple Surprises in China, Sets India High During Sales Slu  ( 31 min )

One of the most important decisions in retirement is choosing how much to withdraw from your savings. You need to take out enough to meet your spending needs, but not so much that you end up running out of money. While there's no real consensus on a safe withdrawal rate, a recent report from Edward […] The post How Much Should I Withdraw From My Retirement Account? Edward Jones Says Start With These Percentages appeared first on SmartReads by SmartAsset.  ( 32 min )

The stock market has a lot of turn-around stories without the gains priced in.  ( 33 min )

Apple sales fall 1% in the fiscal third quarter and the iPhone giant says it expects a similar performance in the current period, Amazon beats earnings expectations and issues better-than-expected guidance, and Booking Holding sees a record summer travel season.  ( 27 min )

Shares of the sports betting company surge after DraftKings posts second-quarter revenue that beat expectations.  ( 26 min )

Under fire for downgrading U.S. federal debt, ratings analyst Richard Francis took to the airwaves on Wednesday to explain his reasoning and lobby for support.  ( 32 min )

Amazon shares surged on Friday in Frankfurt trading after the company issued an upbeat outlook for the third quarter, while Apple's German-listed shares fell after the company forecast a continued slide in sales. Amazon jumped 8.5% on the German market, echoing the steep rise in extended U.S. trading on Thursday after the company reported sales growth and profit that beat Wall Street's expectations, thanks to faster, cheaper deliveries to customers and to the recent headwinds in cloud-computing beginning to subside. Apple shares fell 2.3% in Frankfurt fell 2.3% after the iPhone maker on Thursday forecast that a sales slump would continue into the current quarter, which sent shares down in after-hours trading despite beating Wall Street sales and profit targets in the fiscal third quarter.  ( 30 min )

(Bloomberg) -- The Treasury yield curve has steepened this week, but the shift is unnerving investors as it comes through a painful selloff in longer bonds rather than the rally in shorter debt most expected.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Surprises in China, Sets India High During Sales SlumpChina Official’s Call to Save Xi’s  ( 32 min )

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(Bloomberg) -- Apple Inc. grew revenue in China a surprisingly strong 8% while setting a record for Indian iPhone sales, bright spots in an otherwise disappointing quarterly check-in from the world’s most valuable company.Most Read from BloombergQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’The Strange Story Behind ‘Baldur’s Gate 3,’ One of the Year’s Biggest ReleasesFit  ( 32 min )

Will it happen or not? That is the question economy observers have been grappling with over the past year regarding the prospect of a looming recession. But while not long ago the consensus was that one was all but inevitable – and a full-blown recession at that – the tune has changed more recently. Factoring in the resilient economy and the hasty retreat of prior alarming inflation levels, many financial experts now think that if a recession does materialize, it will be of the mild variety. One  ( 34 min )

The United Auto Workers union is pressing for the substantial wage increase for factory workers at GM, Ford and Stellantis.  ( 27 min )

The S&P 500 fell 0.5% on Friday, Aug. 4, 2023, after the Labor Department's latest jobs report showed the pace of hiring slowed.  ( 1 min )

U.S. equities were higher at midday on Friday, Aug. 4, 2023 on the back of strong earnings reports, while a cooler-than-expected July jobs report raised optimism the Fed could ease back on its campaign of rate hikes to cool inflation.  ( 1 min )

Halfway through a economically confusing and, at times, turbulent 2023, many investors are questioning how they should proceed with their investment strategy  ( 1 min )

Job growth is projected to slow and Amazon shares are soaring after the ecommerce giant blew by analyst revenue expectations. Here’s what investors need to know today.  ( 1 min )

NASA heeft weer contact gekregen met de Voyager 2, de ruimtesonde die zich op 19,9 miljard kilometer van de aarde bevindt. Het contact met de in 1977 gelanceerde Voyager 2 was even verdwenen door een foutje van de vluchtleiding.  ( 4 min )

Meerdere partijen hebben de afgelopen tijd interesse getoond in VanMoof. Dat melden de curatoren van het failliete fietsenmerk. Zij willen volgende week meer duidelijkheid geven over een eventuele doorstart.  ( 4 min )

Veel kantoormedewerkers weten het gevoelsmatig misschien al: in de middag zijn zij vaak minder productief dan aan het begin van de dag. Helemaal op vrijdag. Onderzoekers vinden nu bewijs voor dit fenomeen in een Texaans kantoor.  ( 5 min )

Nederland schort de "directe samenwerking" met Niger op. Steun aan ontwikkelings- en veiligheidsprojecten die via de landelijke overheid loopt, wordt stopgezet. In het Afrikaanse land werd vorige week een staatsgreep gepleegd.  ( 4 min )

De voedselprijzen zijn wereldwijd voor het eerst in drie maanden gestegen. De prijzen zijn in juli met 1,3 procent opgelopen.  ( 3 min )

De online verpakkingsvrije supermarkt Pieter Pot heeft in twee weken tijd 335.000 euro opgehaald bij haar klanten. Met het geld wil het bedrijf het vertrouwen van leveranciers terugwinnen en de schappen bijvullen.  ( 4 min )

Consumenten moeten oppassen als ze willen shoppen bij webwinkel Femme-Boutique. Toezichthouder ACM, de politie en de Consumentenbond ontvingen al tientallen klachten over de webshop, meldt ACM.  ( 3 min )

Fabrieken in Duitsland hebben in juni onverwacht veel meer bestellingen binnengekregen. Dat is een teken dat de grootste economie van Europa stabieler wordt.  ( 3 min )

De Deense containerrederij en vrachtvervoerder A.P. Møller-Maersk verwacht dat het wereldwijde containervolume dit jaar sterker zal dalen dan eerder gedacht. Het bedrijf rekent op een krimp van wel 4 procent.  ( 3 min )

De winst van Booking.com en Airbnb is in het tweede kwartaal harder gestegen dan het aantal geboekte nachten. Hogere prijzen op de reisplatforms zorgden voor meer geld in het laatje.  ( 3 min )

Apple verkocht het afgelopen kwartaal minder iPhones, Macs en iPads. Daardoor daalde de totale omzet van het bedrijf voor het derde kwartaal op rij. Een lichtpuntje voor Apple was de verkoop van digitale producten, zoals abonnementen op Apple Music en iCloud.  ( 4 min )

Het gemiddelde bedrag waarvoor mensen een hypotheek afsloten steeg in juli voor het eerst sinds ruim een jaar. Door de hogere lonen kunnen mensen meer geld lenen.  ( 4 min )

197.000 Nederlanders hebben tussen 1 maart en 1 mei verzuimd aangifte inkomstenbelasting te doen. Dat zijn er twee keer zoveel als vorig jaar. De Belastingdienst probeert ze er via brieven, sms'jes en telefoontjes toch aan te herinneren, voordat een boete volgt.  ( 6 min )

197.000 Nederlanders hebben tussen 1 maart en 1 mei verzuimd aangifte inkomstenbelasting te doen. Dat zijn er twee keer zoveel als vorig jaar. De Belastingdienst probeert ze er via brieven, sms'jes en telefoontjes toch aan te herinneren, voordat een boete volgt.  ( 6 min )

Toyota, GAC-Toyota, and Pony.ai will invest $140 million to manufacture a fleet of driverless taxis in China.  ( 1 min )

Investors are constantly looking for ways to generate solid returns, after all, that is the whole point of investing. Achieving that goal is easier said than done, however. As with anything, if it were really simple, investors would only have success stories to tell. That said, there are ways to gain an edge in the market, and one common route is to keep track of insiders’ actions. Insiders are the high-level company officers, Board members, CFOs and COOs, up to CEOs, whose positions give them a  ( 35 min )

(Bloomberg) -- Apple Inc. posted its third straight quarter of declining sales and predicted a similar performance in the current period, hurt by an industrywide slump that has sapped demand for phones, computers and tablets.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’China Official’s Call to Save Xi’s City Angers Flood VictimsThe Strange Story  ( 34 min )

(Bloomberg) -- In 2022 it was “Schwinger,” or traditional Swiss wrestlers, that were the star attraction. This year it was youth groups. Every Aug. 1 since 1891, patriotic Swiss have gathered on an Alpine meadow overlooking Lake Lucerne to commemorate a rebellion in 1291 that was the foundation of “modern” Switzerland. This is a country that likes tradition. Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings:  ( 38 min )

General Motors on Thursday said it expects to offer union workers higher wages but granting the United Auto Workers' ambitious contract demands would hurt its ability to make sound business decisions. The UAW presented its economic demands to Chrysler-parent Stellantis on Tuesday, General Motors on Wednesday and Ford on Thursday ahead of the Sept. 14 expiration of the current four-year contracts. GM said, "A fair agreement rewards our employees and also enables GM to maintain our momentum now and into the future... We think it’s important to protect U.S. manufacturing and jobs in an industry that is dominated by non-unionized competition."  ( 31 min )

Electric truck maker Nikola Corp said on Thursday it had garnered enough support for a proposal to increase the number of shares it can issue, opening the doors to much-needed capital. The company had to adjourn its shareholder meeting twice because it lacked enough votes, even as it urged shareholders for months to vote in favor of so-called Proposal 2, saying its ability to continue as a going concern would be "out of reach" without the additional shares. "This positive outcome, particularly with respect to Proposal 2, was critical for continued growth and success as we move forward with our strategic priorities," CEO Michael Lohscheller said in a statement.  ( 31 min )

Apple reported quarterly earnings Thursday after the bell, rounding out the results from the tech giants.  ( 31 min )

The agreement will help the company to reduce or reallocate about $150 million of cash interest and fees, and would give it immediate access to a revolving borrowing capacity of about $21 million. Known for its plastic airtight storage containers and bowls, Tupperware has seen a sharp drop in demand recently as consumers limit discretionary purchases amid higher prices and fears of recession. The company had on April 7 raised doubt about its ability to continue as going concern after failing to improve its business for about three years.  ( 31 min )

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The slowdown in a key moneymaker for the largest US cryptocurrency exchange came as its faced off with a powerful US regulator.  ( 32 min )

Electric truck maker Nikola Corp said on Thursday it had garnered enough support for a proposal to increase the number of shares it can issue, opening the doors to much-needed capital. The company had to adjourn its shareholder meeting twice because it lacked enough votes, even as it urged shareholders for months to vote in favor of so-called Proposal 2, saying its ability to continue as a going concern would be "out of reach" without the additional shares.  ( 30 min )

Apple’s eked out a slightly higher profit last quarter even though sales dipped during the period, a time during which the iPhone maker became the first publicly held company in the U.S. to be valued at $3 trillion. The results released Thursday covered April through June, the third consecutive quarter that Apple has posted a year-over-year decline in revenue. Apple's stock declined by about 1% in extended trading after the numbers came out.  ( 30 min )

For the past few quarters, the lifting of pandemic curbs has fueled domestic and international travel in a boost to hotel operators such as Marriott International and Hilton Worldwide Holdings. Room nights booked for the quarter ended June rose 9% from last year, Booking said. Gross travel bookings, which refers to the total dollar value of all the travel services booked by customers, jumped 15%.  ( 31 min )

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Apple’s fiscal third quarter results are out. The tech giant booked less revenue than a year ago from its signature products, while its services business did better. Here is a roundup of how each major product segment fared: iPhone revenue of $39.7 billion, down 2.4% from a year ago, and below a  ( 22 min )

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While second-quarter revenue met estimates, cloud firm Digital Ocean said customer spending continues to tighten. Meanwhile, it will restate first-quarter results for accounting errors.  ( 26 min )

Sales of iPhones missed analyst estimates, but revenue in the company services unit reached a record high.  ( 27 min )

Coinbase reported a sixth straight quarterly loss Thursday as regulatory risks and lower trading volumes continued to weigh on the company. The loss wasn't as bad as analysts expected, and the company's stock rose in after-hours trading before giving up those gains. The biggest U.S. cryptocurren  ( 22 min )

Apple on Thursday reported sales and profit that beat Wall Street expectations despite a decline in iPhone sales, with its signature device's performance in China helping the company navigate a global decline in the smartphone market. Apple said sales for the fiscal third quarter ended July 1 fell 1.4% to $81.8 billion and earnings per share rose 5% to $1.26. IPhone sales slightly missed analyst estimates, but were made up for by strong sales in the services segment that contains Apple TV+ and by sales in China that grew 8% year over year.  ( 32 min )

Stocks slipped lower Thursday as a downgrade-spurred sell-off extended across the indexes and earnings season continued in full force.  ( 31 min )

Today's best CD rate is 5.75% APY, offered by both Andrews Federal Credit Union and Citizens State Bank. We track CD rates every morning to bring you the top options.  ( 19 min )

(Bloomberg) -- Elon Musk sees a lot to like at the shortest end of the Treasury curve.Most Read from BloombergTreasury Rout Saps Risk Appetite as Stocks Retreat: Markets WrapFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireThe Strange Story Behind ‘Baldur’s Gate 3,’ One of the Year’s Biggest ReleasesNYC Considers Central Park Among Sites to House Migrants as Crisis MountsOn Thursday, Musk, the chief executive of Tesla Inc. and  ( 31 min )

Today's CDs are paying record rates, offering their highest returns in at least 16 years. But will banks and credit unions push rates even higher in August?  ( 19 min )

Treasury bill yields are above 5% after the Federal Reserve lifted its benchmark lending rate by a quarter-point last week.  ( 32 min )

Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.  ( 32 min )

Tesla's electric vehicle (EV) sales in China fell more than 30% last month compared with June, according to the China Passenger Car Association (CPCA). Domestic EV manufacturers in China like BYD, Nio (NIO), and Xpeng (XPEV) gained ground.  ( 19 min )

PayPal is finding few friends in the market these days. The payments giant topped consensus analyst forecasts in its second-quarter report on Wednesday on total payment volume, net revenue and net income, according to Visible Alpha. But the stock is sinking fast on Thursday, down by nearly 11%, era  ( 24 min )

“Americans have always been waiting for the other shoe to drop.”  ( 32 min )

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Stocks slipped lower Thursday as a downgrade-spurred sell-off extended across the indexes and earnings season continued in full force.  ( 31 min )

MicroStrategy (MSTR) CEO Michael Saylor said his software company will continue to be the go-to company for investors to gain exposure to bitcoin (BTC) without directly buying it, even if a spot bitcoin exchange-traded fund (ETF) is rolled out.  ( 31 min )

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It was all ... Yellow. Shares of the trucking company, which is expected to file for bankruptcy after saying over the weekend that it was [shutting down operations,](https://www.wsj.com/articles/the-fall-of-a-trucking-giant-why-yellow-is-on-the-verge-o  ( 22 min )

The content delivery network provider sees better-than-forecast growth and raises its full-year revenue outlook.  ( 26 min )

Elon Musk’s Tesla is facing a legal battle with drivers over claims the company falsely advertised how many miles its electric cars can travel on a full battery.  ( 32 min )

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Wall Street analysts say Qualcomm faces prolonged smartphone weakness but differ on how its diversification plans are shaping up.  ( 26 min )

(Bloomberg) -- PayPal Holdings Inc. shares slumped after the payments giant said a key measure of profits shrank in the second quarter as the company had to set aside more money to cover souring loans it has made to merchants. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireS&P 500 Has Worst Day Since April After Big Rally: Markets WrapMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceHere  ( 32 min )

Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers … Continue reading → The post Where High-Earning Households Are Moving – 2022 Study appeared first on SmartAsset Blog.  ( 41 min )

When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.  ( 41 min )

Earning more money can make it easier to pay the bills, fund your financial goals and spend on hobbies or "fun," but what income is considered to make you rich? The answer can depend on several factors, including where you … Continue reading → The post What Income Level Is Considered Rich? appeared first on SmartAsset Blog.  ( 42 min )

The markets have been hot these past six months. The pace of inflation is cooling off, the Federal Reserve is expected to dial back its own pace of interest rate hikes, tech stocks are booming on the strength of AI, and in all, the S&P gave five consecutive months of gains through the end of July. But did we just see a black swan? Fitch cut the US government’s credit rating yesterday, from AAA to AA+, saying that the Federal government’s fiscal situation is likely to deteriorate significantly ov  ( 34 min )

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A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.  ( 40 min )

Cummins posted higher second-quarter sales and income thanks to its acquisition of Meritor, but EBITDA declined. The post Cummins reports higher Q2 sales and income appeared first on FreightWaves.  ( 31 min )

Online furniture retailer Wayfair surprised by posting adjusted earnings in the second quarter, while Wall Street had expected a loss.  ( 26 min )

Johnson & Johnson is allowing shareholders to swap for shares of Kenvue, which has brands like Tylenol, at a discount.  ( 26 min )

The e-commerce software company expects faster revenue growth than Wall Street analysts had penciled in.  ( 26 min )

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“There are some things that people shouldn’t worry about and this is one,” he said.  ( 26 min )

Mizuho analysts see a $350 billion to $400 billion total addressable market opportunity in student loan refinancing for the fintech.  ( 26 min )

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Shares of Tupperware, Rite Aid and trucking giant Yellow have been on a wild ride. The eye-popping swings in recent days are reminiscent of the meme-stock craze during the pandemic that turned [GameStop into an unlikely stock-market star](https://www.wsj.com/articles/keith-gill-drove-the-gamestop-r  ( 23 min )

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A downgrade-spurred stock sell-off looked to deepen across the indexes.  ( 30 min )

The online furniture retailer posted adjusted earnings of 21 cents a share for its second quarter. Wall Street had forecast a loss of 73 cents.  ( 26 min )

Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand.  ( 27 min )

(Bloomberg) -- It’s business-as-usual for Warren Buffett’s Berkshire Hathaway after Fitch Ratings’ downgrade of the US.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireS&P 500 Has Worst Day Since April After Big Rally: Markets WrapMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceHere Are the 78 Charges Trump Now Faces, and All the Prison Time“Berkshire bought $10 billion in US Treasuries l  ( 31 min )

Warner Bros. Discovery reported second-quarter earnings on Thursday. Here's what to know.  ( 33 min )

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Anheuser-Busch Inbev reported a drop in U.S. revenue in the second quarter as Bud Light sales plunged amid a conservative backlash over a campaign with transgender influencer Dylan Mulvaney. The world's largest brewer said Thursday that revenue in the United States declined by 10.5% in the April-to-June period from a year earlier, “primarily due to the volume decline of Bud Light.” It has lost its place as America’s best-selling beer after more than two decades, slipping into second place in June behind Mexican lager Modelo Especial, which is also owned by the Belgium-based ABInBev.  ( 31 min )

Moderna Inc on Thursday raised its annual forecast for COVID-19 vaccine sales to up to $8 billion on hopes of a boost in the fall season as sales move to a private market in the United States from government contracts. Sales of COVID-19 products have slumped after bumper growth during the peak of the pandemic. Moderna expects $6 billion to $8 billion in sales from its COVID shots this year, up from its previous forecast of $5 billion, driven by potential U.S. demand for 50 to 100 million doses in the fall season.  ( 31 min )

AB InBev earnings beat expectations despite boycott denting Bud Light sales, American Airlines is talking to Airbus and Boeing about ordering more jets, and other news to start your day.  ( 26 min )

Qualcomm issues a revenue forecast below analysts' expectations, PayPal's results disappoint, and trading activity at Robinhood falls. Apple and Amazon are scheduled to report earnings after the closing bell Thursday.  ( 27 min )

There's a lot of things that are different from the last time the US got downgraded.  ( 32 min )

The company reported an adjusted operating margin of 21.4% for the three months ended June 30, below estimates of 22%, according to Refinitiv IBES data. "This was another disappointing earnings report from PayPal," Edward Jones analyst Logan Purk said. "This will fuel investor's bearish outlook that PayPal's focus on its largest customers will result in lower overall profitability."  ( 30 min )

The largest residential solar developer in the U.S. reported good numbers. But it’s not quite the ray of sunshine for the sector investors might think.  ( 26 min )

Anheuser Busch InBev reported underlying earnings of 72 cents a share for the second quarter, beating expectations despite a fall in U.S. revenue.  ( 26 min )

The owner of Bud Light has revealed a steep drop in US sales after the beer’s collaboration with a transgender social media influencer sparked a backlash.  ( 32 min )

(Bloomberg) -- Shares in Asia fell for a third day, following losses on Wall Street, while Treasuries extended a selloff as investors digested better-than-expected US labor-market data and prepared for a rush of US government bond issuance next week.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapCanada PM Justin Trudeau Splits With W  ( 33 min )

Aero-engineer Rolls-Royce reported underlying operating profit of 673 million pounds ($855 million) in its first half, more than five times the level of a year ago, led by a large improvement in its civil aerospace margin. The British company upgraded its full-year profit forecast last month to 1.2-1.4 billion pounds ($1.6-1.8 billion) from its previous guidance of 800 million-1 billion pounds. The market had been forecasting 934 million pounds.  ( 30 min )

NEW DELHI (Reuters) -India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. In April-June, electronics imports, which include laptops, tablets and personal computers, was $19.7 billion, up 6.25% year-on-year.  ( 30 min )

The exchange is struggling because last year's plunge in cryptocurrencies has discouraged people from trading, hitting its most important source of revenue.  ( 25 min )

The company reports earnings Thursday. The key will almost certainly be the outlook for Amazon Web Services, its cloud computing platform.  ( 26 min )

Consensus estimates call for revenue to be down slightly from a year ago. But a legion of bullish analysts see better growth ahead.  ( 26 min )

While its Covid-19 vaccine became one of the best-selling medicines of all time, clocking $18.4 billion in sales in 2022, Moderna has no other marketed products.  ( 26 min )

Johnson & Johnson is allowing shareholders to swap for shares of Kenvue, which has brands like Tylenol, at a discount.  ( 26 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

Billionaire investor William Ackman on Wednesday said his hedge fund Pershing Square Capital Management has placed a bet against U.S. 30-year Treasuries, calling it both a hedge on the impact of higher long-term rates on stocks and a good standalone bet. The Federal Reserve has raised interest rates aggressively to curb inflation and signaled last month that it is keeping its options open after having raised rates by a quarter point to their highest level since 2001. Ackman, once one of Wall Street's most voluble investors who cemented his reputation as an activist investor by pushing for changes at companies ranging from Chipotle Mexican Grill to railroad Canadian Pacific, has recently used the social media platform to opine on economic policy and presidential politics.  ( 30 min )

The twin tech giants, which represent billions in consumer and business spending, will deliver highly-anticipated quarterly reports on Thursday.  ( 33 min )

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In the postpandemic economy, we are living more and working less.  ( 26 min )

Such has been the unpredictable nature of the markets and the economy in 2023, that’s it’s hard to guess what’s coming next. For example, it should be remembered that at the start of the year and coming off the back of 2022’s merciless bear market, few had predicted the ensuing rally that has taken place since. Likewise, for the broader economy. Against a backdrop of soaring inflation and high interest rates, there were plenty of financial prognosticators warning of an impending vicious recessio  ( 34 min )

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Back-to-back letters of credit consist of two LOCs used in international transactions facilitated by a broker. Learn how they help remove the risk of a payment default.  ( 22 min )

Although high student loan debt is a problem for many Americans, this $1.7 trillion burden isn’t being shouldered equally by all borrowers. Learn more.  ( 33 min )

The S&P 500 fell 0.3% on Thursday, Aug. 3, 2023 after weaker-than-expected earnings reports from ecommerce, travel, and chip companies weighed on the index.  ( 19 min )

The Higher Education Act of 1965 is a federal law that created financial assistance programs for post-secondary school students and strengthened educational resources.  ( 24 min )

Expedia Group shares plummeted after the online travel site reported sales and bookings that missed forecasts. The company gave weaker-than-expected guidance as growth slowed.  ( 17 min )

Company-owned life insurance (COLI) is a type of policy that companies purchase to insure against the death of one or more employees.  ( 21 min )

AB InBev sales in the U.S. plunged following the controversy over Dylan Mulvaney's promotion of Bud Light.  ( 16 min )

Here’s a list of the top mutual funds, which pay regular dividends, for frequent income.  ( 25 min )

Some electric car owners are now experiencing higher costs to power their vehicles than to fill up their gas-powered equivalents—if you calculate the costs a certain way.  ( 19 min )

Shares of Regeneron jumped after the drug maker indicated it expects the FDA will soon approve a higher-dose version of its blockbuster drug to treat macular degeneration.  ( 17 min )

A certificate of insurance (COI) is a nonnegotiable document issued by an insurance company or broker verifying the existence of an insurance policy. Learn how it works.  ( 21 min )

The Hong Kong Stock Exchange is the seventh-largest in the world and easily accessible through ETFs.  ( 23 min )

Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards showed no change in the overall median available rate. These are the current rates as of August 2023.  ( 24 min )

Today's best CD rate is 5.75% APY, offered by both Andrews Federal Credit Union and Citizens State Bank. We track CD rates every morning to bring you the top options.  ( 18 min )

A CD-secured loan is loan that uses a certificate of deposit as collateral. These loans allow you to borrow money for potentially lower interest rates than other loans.  ( 23 min )

Pareto efficiency is an economic state in which resources are allocated in the most efficient manner.  ( 29 min )

Employment and payroll data is expected to remain stable Friday, but any surprises could roil the markets.  ( 16 min )

Today's CDs are paying record rates, offering their highest returns in at least 16 years. But will banks and credit unions push rates even higher in August?  ( 19 min )

Consumers with super-prime credit are considered to have excellent credit and pose the least risk to lenders and creditors.  ( 24 min )

Indemnity insurance is an agreement wherein one party guarantees compensation for losses or damages incurred by another.  ( 24 min )

Refinancing Parent PLUS loans can help you save money and reduce your monthly payments. Learn how to refinance your Parent PLUS loan.  ( 22 min )

Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.  ( 23 min )

Learn about the top index mutual funds with some of the lowest expense ratios.  ( 21 min )

The free cash flow (FCF) formula calculates the amount of cash left after a company pays operating expenses and capital expenditures. Learn how to calculate it.  ( 26 min )

A reverse repurchase agreement is the purchase of securities with the agreement to sell them at a higher price at a specific future date.  ( 23 min )

Tesla's electric vehicle (EV) sales in China fell more than 30% last month compared with June, according to the China Passenger Car Association (CPCA). Domestic EV manufacturers in China like BYD, Nio (NIO), and Xpeng (XPEV) gained ground.  ( 18 min )

Here's how countries use sovereign wealth funds to stabilize their economies, though these investments can lack transparency.  ( 22 min )

Payhip, an e-commerce platform, enables users to create online storefronts that sell digital downloads, online courses, coaching, memberships, and physical products. It makes money by charging subscription fees for its plans as well as by taking a transaction fee from each sale.  ( 23 min )

Tesla is being sued for fraud after reports revealed the company has been knowingly inflating driving-range figures at the behest of CEO Elon Musk.  ( 19 min )

TikTok dropshipping is a business model that uses the TikTok platform to generate sales by advertising products that are being offered through an online dropshipping store. Dropshipping lets people sell products from third party suppliers without being required to hold or ship inventory themselves.  ( 25 min )

Five developed nations have no federally regulated minimum wage and may use unions to ensure workers are fairly paid.  ( 21 min )

Both credit ratings and credit scores are designed to show potential lenders and creditors a borrower’s likelihood of repaying a debt.  ( 23 min )

U.S. equities were mixed and little changed at midday on Thursday, Aug. 3, 2023, amid concerns about higher interest rates and the latest earnings reports.  ( 16 min )

A triangle is a continuation pattern used in technical analysis that looks like a triangle on a price chart.  ( 23 min )

Find out why bank stocks usually trade below book value and understand how trading activities increase a bank's risk exposure and affect its valuation.  ( 20 min )

Deflation is a decrease in the price level of goods and services and the opposite of inflation when prices rise.  ( 20 min )

Popular among investors and analysts, specific financial ratios help evaluate healthcare sector companies.  ( 20 min )

Robinhood shares were sharply lower after the company posted mixed earnings, which included a Monthly Active User (MAU) drop.  ( 17 min )

The U.S. debt grows every year. But how does national debt actually affect you?  ( 27 min )

PayPal beat quarterly profit and sales estimates, but a drop in adjusted operating margin and money set aside to cover bad loans sent shares lower.  ( 16 min )

Qualcomm shares tumbled after the cellphone chipmaker missed revenue estimates and warned about current quarter sales because of slowing demand for smartphones.  ( 16 min )

Life insurance provides a financial safety net for your loved ones, but in certain situations, your policy might not pay out the death benefit.  ( 24 min )

To boost local manufacturing and restrict imports from China, India has imposed licensing requirements that affect computer imports and impact Apple, Dell, and Samsung.  ( 18 min )

Thirty-year mortgage rates edged higher while jumbo 30-year rates jumped to their highest mark since at least 2009. Refinancing rates on 30-year loans climbed for a fifth day.  ( 20 min )

With its high yields and the ubiquity of iPhones, Apple's savings account has attracted over $10 billion in deposits since its launch in April.  ( 17 min )

Joint tenancy is a legal arrangement in which two or more people own a property together, each with equal rights and obligations.  ( 28 min )

Energy giant ConocoPhillips posted second-quarter profit and revenue that missed expectations, reflecting a pullback in oil prices from last year's highs and despite record production levels.  ( 17 min )

Creditworthiness is a measure of the likelihood that you will default on your debt obligations. Lenders consider your creditworthiness when you apply for a loan.  ( 21 min )

Funds transfer pricing (FTP) analyzes bank funding contributes to areas of strength and weakness within the bank.  ( 22 min )

If you want to purchase government debt, you can go straight to the source at TreasuryDirect. However, there are other ways to buy Treasuries.  ( 25 min )

Robinhood shares fell as its first-time profit was overshadowed by a drop in users and Anheuser-Busch InBev shares rose after it beat estimates on earnings despite a boycott. Here’s what investors need to know today.  ( 18 min )

Understand the difference between sponsored American depositary receipts (ADRs) categorized within level I, II or III. Find out how investors can benefit.  ( 21 min )

A lease option is an agreement that gives a renter the choice to purchase the rented property during or at the end of the rental period.  ( 29 min )

A quitclaim deed releases a person’s interest in a property without stating the nature of the person’s interest or rights, and with no warranties of ownership.  ( 21 min )

The S&P 500 fell 0.3% on Thursday, Aug. 3, 2023 after weaker-than-expected earnings reports from ecommerce, travel, and chip companies weighed on the index.  ( 1 min )

Employment and payroll data is expected to remain stable Friday, but any surprises could roil the markets.  ( 1 min )

U.S. equities were mixed and little changed at midday on Thursday, Aug. 3, 2023, amid concerns about higher interest rates and the latest earnings reports.  ( 1 min )

Robinhood shares fell as its first-time profit was overshadowed by a drop in users and Anheuser-Busch InBev shares rose after it beat estimates on earnings despite a boycott. Here’s what investors need to know today.  ( 1 min )

Tesla's electric vehicle (EV) sales in China fell more than 30% last month compared with June, according to the China Passenger Car Association (CPCA). Domestic EV manufacturers in China like BYD, Nio (NIO), and Xpeng (XPEV) gained ground.  ( 1 min )

Tesla is being sued for fraud after reports revealed the company has been knowingly inflating driving-range figures at the behest of CEO Elon Musk.  ( 1 min )

Shares of Regeneron jumped after the drug maker indicated it expects the FDA will soon approve a higher-dose version of its blockbuster drug to treat macular degeneration.  ( 1 min )

With its high yields and the ubiquity of iPhones, Apple's savings account has attracted over $10 billion in deposits since its launch in April.  ( 1 min )

Saoedi-Arabië gaat de olieproductie nog een maand langer beperken. De olieprijzen stijgen al maanden doordat olieproducerende landen hun productie terugschroeven. En dat merken we aan de pomp.  ( 3 min )

De brand op vrachtschip Fremantle Highway heeft geen financiële gevolgen voor Volkswagen. Volgens een woordvoerder is "een zeer klein deel" van de auto’s aan boord van een van de Volkswagen-merken, zoals Audi, Seat of Volkswagen zelf. En die zijn verzekerd.  ( 4 min )

Na een Russische aanval op de Oekraïense havenstad Izmail is de prijs van graan weer gestegen. Oekraïne produceert veel graan, maar kan het door de oorlog lastig exporteren. Rusland trok zich onlangs terug uit de 'graandeal'. NU.nl-lezers vroegen zich af: is er echt geen alternatief?  ( 3 min )

Nederlandse kersentelers beleven een dramatisch jaar door het koude en natte voorjaar. De oogsten zijn volgens telers de helft lager dan in 2022, met duurdere kersen tot gevolg. Inmiddels zijn er ook zorgen over bijvoorbeeld bessen en aardappelen.  ( 4 min )

SNS Bank, ASN Bank en RegioBank verhogen hun spaarrentes. Dat doen ze in navolging van renteverhogingen van de Europese Centrale Bank (ECB) en andere grote banken als Rabobank, ABN AMRO en ING.  ( 4 min )

Nederlandse kersentelers beleven een dramatisch jaar door het koude en natte voorjaar. De oogsten zijn volgens telers de helft lager dan in 2022, met duurdere kersen tot gevolg. Inmiddels zijn er ook zorgen over bijvoorbeeld bessen en aardappelen.  ( 4 min )

In navolging van de Europese en Amerikaanse centrale bank heeft nu ook de Bank of England de rente verhoogd naar het hoogste niveau in jaren. De verhogingen zijn bedoeld om de inflatie te bestrijden.  ( 3 min )

Met het slechte weer trekken vakantiegangers en dagjesmensen naar binnenzwembaden. De kaartjes voor zwembaden bij Center Parks-vakantieparken voor vandaag zijn bijna uitverkocht en die voor vrijdag raken ook op. Bij andere zwembaden blijven buitenbaden dicht.  ( 4 min )

Een korte pinstoring zorgde er donderdag voor dat er bij kassa's door het hele land tijdelijk niet of nauwelijks gepind kon worden. Inmiddels zijn de problemen volgens Betaalvereniging Nederland verholpen.  ( 3 min )

Een landelijke pinstoring veroorzaakt door het hele land problemen aan de kassa's. Mensen kunnen hun boodschappen mogelijk niet afrekenen met een pinpas en moeten met cashgeld betalen. Er wordt gewerkt aan een oplossing.  ( 3 min )

Het Belgische bierconcern AB InBev kan opgelucht ademhalen. Het moederbedrijf van onder meer Budweiser werd het afgelopen kwartaal geteisterd door de inflatie en een boycot, maar maakte wereldwijd toch 7 procent meer omzet.  ( 3 min )

De Turkse inflatie is in juli na acht maanden van daling weer gestegen. De prijzen in het land gingen met 47,8 procent omhoog ten opzichte van dezelfde maand vorig jaar.  ( 3 min )

Nintendo maakte nog nooit zoveel winst als in het afgelopen kwartaal. Het Japanse bedrijf scoorde volop met The Super Mario Bros. Movie en het populaire spel The Legend of Zelda: Tears of the Kingdom.  ( 3 min )

We kiezen steeds vaker voor een stroomcontract met Nederlandse groene stoom. Het gaat dan om een combinatiecontract met gas waarvan de CO2-uitstoot wordt gecompenseerd. Het afgelopen kwartaal werd dat 22 procent vaker aangevraagd dan een jaar terug, meldt prijsvergelijker PriceWise.  ( 3 min )

Consumenten ondervinden meer hinder van de energietransitie. Het gebeurt bijvoorbeeld steeds vaker dat ze hun opgewekte zonnestroom kortstondig niet kunnen terugleveren aan het stroomnet.  ( 3 min )

Chinese kinderen onder de achttien jaar mogen binnenkort mogelijk nog maar een paar uur per dag online op hun telefoons. De Chinese toezichthouder heeft daarvoor een voorstel ingediend. In China wordt de schermtijd van kinderen al jaren beperkt.  ( 4 min )

We kiezen steeds vaker voor een stroomcontract met Nederlandse groene stoom. Het gaat dan om een combinatiecontract met gas waarvan de CO2-uitstoot wordt gecompenseerd. Het afgelopen kwartaal werd dat 22 procent vaker aangevraagd dan een jaar terug, meldt prijsvergelijker PriceWise.  ( 3 min )

De Duitse luchtvaartmaatschappij Lufthansa verwacht dat de vraag naar vliegtickets ook de rest van het jaar hoog blijft. Het aantal boekingen van augustus tot en met december is ruim 90 procent groter dan in de periode voor de coronacrisis.  ( 3 min )

ING heeft afgelopen kwartaal flink geprofiteerd van de hogere rente. Het concern zag vooral de rente-inkomsten toenemen.  ( 3 min )

Het UWV wist al sinds 2020 dat het de online privacy van uitkeringsgerechtigden schond door zonder toestemming cookies te plaatsen om te checken of mensen met een WW-uitkering ongeoorloofd in het buitenland verbleven. Dat blijkt uit onderzoek van de NOS.  ( 5 min )

Inwoners van Friesland bewijzen dat geld niet per se gelukkig maakt. Zij zijn bovengemiddeld tevreden over hun leven, terwijl de Randstad en Noord-Brabant beduidend rijker zijn.  ( 5 min )

De stijgende loonkosten zorgen ervoor dat de prijzen op een hoog niveau blijven. In verschillende sectoren zijn de lonen de afgelopen maanden flink gestegen en steeds meer bedrijven berekenen dat nu door.  ( 5 min )

Het UWV wist al sinds 2020 dat het de privacy van uitkeringsgerechtigden schond door zonder toestemming cookies te plaatsen om te kijken of ze ongeoorloofd in het buitenland verbleven terwijl ze een WW-uitkering ontvingen. Dat blijkt uit onderzoek van de NOS.  ( 5 min )

De stijgende loonkosten zorgen ervoor dat de prijzen op een hoog niveau blijven. In verschillende sectoren zijn de lonen de afgelopen maanden flink gestegen en steeds meer bedrijven berekenen dat nu door.  ( 5 min )

A Yellow employee has filed a class-action lawsuit over the company’s failure to provide advance notices of mass layoffs. The post Abrupt layoffs center of lawsuit against Yellow appeared first on FreightWaves.  ( 31 min )

China's loss in India could be Elon Musk's gain. Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China's BYD, has been stopped cold by increased scrutiny from New Delhi. The result could be an opening for Tesla to negotiate terms for an entry to the world's third-largest auto market without the competitive threat from BYD that it faces in other emerging markets, like Thailand.  ( 33 min )

The EV market has become extremely competitive in 2023, and while some of the smaller players are getting crushed, smart investors are betting on highly profitable niches such as electric boats  ( 43 min )

(Bloomberg) -- Qualcomm Inc., the largest maker of smartphone processors, fell as much as 8.2% in late trading after giving a tepid sales forecast for the current quarter, indicating that demand for mobile devices remains weak.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapCanada PM Justin Trudeau Splits With Wife Sophie GregoireHere  ( 32 min )

(Bloomberg) -- Qualcomm Inc., the largest maker of smartphone processors, gave a tepid revenue forecast for the current period, indicating that demand for mobile devices remains weak even as the industry emerges from a glut.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy t  ( 31 min )

Investors frowned on PayPal's second quarter report.  ( 9 min )

Qualcomm, Stung by Sluggish Smartphone Market, Plans Layoffs  ( 25 min )

The company reported non-GAAP earnings of $1.16, edging out expectations at $1.15 a share, according to FactSet.  ( 26 min )

EVgo reported a per-share loss of 8 cents from $50.6 million in sales. Wall Street was looking for a 26-cent loss from sales of $29.5 million.  ( 26 min )

U.S. midstream company Energy Transfer on Wednesday reported lower earnings for the second quarter despite higher transport volumes in most energy product segments versus a year ago. Lower natural gas and natural gas liquids (NGL) prices affected results, the company said. Energy Transfer expects full-year 2023 adjusted EBITDA to range between $13.1 billion and $13.4 billion, which is slightly tighter than the previous range of $13.05 billion to $13.45 billion.  ( 31 min )

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The company reported non-GAAP earnings of $1.16, edging out expectations at $1.15 a share, according to FactSet.  ( 26 min )

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(Bloomberg) -- Occidental Petroleum Corp. bought back $522 million of Berkshire Hathaway Inc.’s preferred stock in the second quarter, demonstrating its willingness to repay Warren Buffett even as commodity prices drop. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy the U  ( 31 min )

The e-commerce software company expects faster revenue growth than Wall Street analysts had penciled in.  ( 26 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 20 min )

SolarEdge Technologies shares cratered after the solar power company warned its business is being hurt by high borrowing costs, and gave current quarter guidance that missed estimates.  ( 18 min )

Richard Branson's Virgin Galactic saw its revenue and expenses both surge in the second quarter as it officially began flying paying customers.  ( 31 min )

Occidental Petroleum Corp on Wednesday reported an 83% slump in second-quarter profit, hit by lower oil and gas prices. Oil and gas prices soared last year in the wake of Russia's invasion of Ukraine but energy prices have dropped sharply this year as fears of shortages eased amid global economic challenges. The lower oil prices were still lucrative for oil producers and Occidental's production in the quarter rose to 1.22 million barrels of oil equivalent per day (boepd) from 1.15 million boepd a year earlier.  ( 30 min )

Occidental Petroleum Corp on Wednesday reported an 83% decline in second-quarter profit on lower crude prices and weaker production. Occidental, one of the largest oil and gas producers in the U.S., said net income attributable to common stockholders stood at $605 million, or $0.63 per share, for the three months ended June 30, compared with $3.55 billion, or $3.47 per share, a year ago.  ( 30 min )

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Though inflationary headwinds and subsequent interest rate hikes have squeezed budgets in households, consumer spending held up through the second quarter, driving an 11% surge in PayPal's total payment volume to $376.5 billion. PayPal expects third-quarter revenue at about $7.4 billion, above analysts' average estimate of $7.32 billion, according to Refinitiv data. The optimistic revenue forecast echoed results of card giants Mastercard and Visa, which posted a boost in quarterly profits on the back of strong consumer spending.  ( 31 min )

Payments firm PayPal Holdings forecast third-quarter revenue above estimates on Wednesday, expecting consumers to remain resilient in the face of a tough economy. Though inflationary headwinds and subsequent interest rate hikes have squeezed budgets in households, consumer spending held up through the second quarter, driving an 11% surge in PayPal's total payment volume to $376.5 billion. PayPal expects third-quarter revenue at about $7.4 billion, above analysts' average estimate of $7.32 billion, according to Refinitiv data.  ( 31 min )

South American e-commerce giant MercadoLibre reported on Wednesday a 113% rise in its second-quarter net income from a year earlier to $261.9 million, amid higher sales volume and an increase in users. The company, with presence in over 18 countries across Latin America, saw its net revenue rise 57.3% in constant currency to $3.4 billion. Over the quarter, MercadoLibre said it added 8.1 million new users across its operations, bringing its total active user base to 108.6 million.  ( 31 min )

Demand for consumer electronics has also been hampered by a slower-than-expected economic recovery in China. Smartphone shipments in the world's second largest economy were down 5% in the June quarter, according to Canalys data. Qualcomm said its forecast also takes into account the impact of the macroeconomic headwinds, weaker global handset units and channel inventory drawdown.  ( 30 min )

Stocks slid Wednesday after the Fitch agency downgraded US credit.  ( 31 min )

Fitch downgraded the U.S. credit rating in a shock move that has sent stocks lower. But there is reason to believe it won't be as bad as the last downgrade.  ( 26 min )

Amazon will report its Q2 2023 earnings on Thursday after the market closes.  ( 33 min )

JPMorgan Chase CEO Jamie Dimon criticized Fitch's decision to downgrade the U.S. government's credit rating, calling it “ridiculous.” “I would point out to the rating agencies if I could that there are a bunch of countries rated higher than us, like AAA, but they live under the American enterprise  ( 11 min )

(Bloomberg) -- A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether it will ever get completed. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy the US Credit Rating Was Cut by Fitch and What It MeansSpecial-purpo  ( 32 min )

The fall came amid a broader sell-off in the tech sector that saw megacap stocks fall 1.5% to 5% and the Philadelphia SE Semiconductor Index drop 3.5%. AI has been a key theme in the chip sector so far this year, driving shares of chip companies and helping Nvidia become the first and only semiconductor firm to be valued at more than a trillion dollars. Investors hope AMD will emerge with a challenger chip to Nvidia's most powerful AI semiconductors and help in fulfilling strong demand for chips that can power applications like chatbot ChatGPT.  ( 31 min )

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UBS Group is laying off employees from Credit Suisse's investment bank this week in New York, a source familiar with the situation said. On top of the layoffs in New York, UBS has decided to close Credit Suisse's office in Houston, the person added, asking for anonymity to speak freely on the matter. The office in Houston used to lead business with the oil industry, which will now be covered by New York, the source added, also declining to specify the number of people affected.  ( 30 min )

Jamie Dimon, the chief executive of JPMorgan Chase, said Fitch’s downgrade of the U.S. credit rating shouldn’t be too concerning about how investors view the country’s ability to pay its debt. In an intervi  ( 22 min )

The ratings agency cut the US's credit score late Tuesday, citing rising debts and an "erosion of governance."  ( 31 min )

It's well-established on Wall Street that companies that beat the analysts' estimates often outperform other stocks over the next few weeks. And when the "beat" is on both earnings and revenue, it's even more likely to propel a stock higher. But sometimes Wall Street will "buy on the rumor, sell on the news," and a stock may drop for a day or two after the earnings report. Analysts' opinions often carry more weight than the earnings performance of a company. Take a look at three real estate inve  ( 33 min )

(Bloomberg) -- Bond investors are pushing US Treasury yields to fresh 2023 highs, spooked by plans for a flood of government-debt issuance and signs of the labor market’s enduring strength. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PolicePoland Sends Troops to Belarus Border After Airspace BreachStock Traders Fret Over a Steeper US Yield Curve: Markets WrapWhy the US Credit Rating Was Cut by Fitc  ( 30 min )

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Warner Bros. Discovery is set to report second-quarter earnings on Thursday. Here's what to expect.  ( 33 min )

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It's way too easy to become a real estate agent, posing a threat to both consumers and experienced Realtors.  ( 36 min )

The Fitch agency’s downgrade of the U.S. government’s credit rating is being met with pushback from officials and well known economists, while others said it highlighted the need for the government to reduce spending deficits.  ( 20 min )

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The U.S. economy grew at an upwardly revised annual rate of 2% in the first quarter, shrugging off prior fears of a recession. But according to JPMorgan Chase & Co., the “R word” may be inevitable. That’s because of the U.S. Federal Reserve’s aggressive interest rate hikes to tame rampant inflation. “While the economy’s recent resilience may delay the onset of a recession, we believe that most of the lagged effects of the past year’s monetary tightening have yet to be felt, and ultimately a rece  ( 32 min )

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Wall Street fell on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world. Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years as well as growing government debt, the second major agency to cut the country's rating after Standard & Poor's in 2011 stripped it of its triple-A grade. Several major brokerages, however, said the downgrade was unlikely to result in a sustained drag on U.S. financial markets, noting that the economy was stronger than in 2011.  ( 32 min )

Investors are drawing false comfort from the past and from the perception that fiscal scolds in the U.S. have cried wolf so often.  ( 27 min )

Semiconductor stocks have been one of this year’s hottest trades. But lately, chipmakers have been leaving investors cold. Advanced Micro Devices reported second-quarter sales and earnings that topped Wall Street estimates on Tuesday afternoon. But investors were evidently looking for more: AMD sha  ( 22 min )

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Renowned investor and Berkshire Hathaway Inc. Vice Chairman Charlie Munger is no stranger to controversial statements when it comes to investment philosophy. One of his most contentious views is on diversification, which he famously refers to as "deworsification." According to Munger, the traditional approach to diversifying investments may not be the wisest strategy. During the 2019 Daily Journal Annual Meeting, Munger responded to a question about diversification with a memorable analogy. "Div  ( 33 min )

I'm 73 and my 401(k) hasn't been doing well for the last few years. Would it be a good idea for me to withdraw my money from my 401(k) and pay the tax that I will have to pay eventually anyway, and then invest the rest of my money in CDs? -Archie Your desire for […] The post Ask an Advisor: I'm 73 and My 401(k) ‘Hasn't Been Doing Well.’ Should I Withdraw My Money and Invest in CDs? appeared first on SmartReads by SmartAsset.  ( 33 min )

Disappointing guidance from SolarEdge follows a similar announcement from Enphase Energy last month.  ( 47 min )

Crude prices fell more than 2% Wednesday as those long the market took meaningful profit the first time since a five-week rally in oil began. The slump, interestingly, came on a day when the Energy Information Administration reported an epic drop in weekly U.S. crude stockpiles, after weeks of citing paltry inventories despite OPEC leader Saudi Arabia claiming to be cutting an additional million barrels per day from its production since the start of July that would take 2.5 million daily off its output. More interesting than the EIA report was a story suggesting the Saudis might be playing a deception game with their production cuts by “quietly selling” additional oil to the so-called PNZ, or Partitioned Neutral Zone, region it shared with Kuwait that escapes the radar of the broader market.  ( 32 min )

Are markets headed for new record highs? That may seem counter-intuitive, but according to J.P. Morgan’s head of US market intelligence, Andrew Tyler, the tea leaves are indicating just such new heights for the S&P 500. Tyler notes that, even in today’s uncertain conditions, the S&P index is within 5% of its all-time high – and with inflation slowing down, the Fed is likely to pare back on further rate hikes, a move that will support growth and a shift toward stocks. Recent earnings reports are  ( 34 min )

Mortgage rates moved strongly upward for virtually every loan type Tuesday, with the 30-year and 15-year averages reaching three-week highs. Refi rates also jumped.  ( 21 min )

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Shares of troubled trucking company Yellow slid 15% in early trading Wednesday morning. The morning move extends a stretch of volatile trading that has followed the company's decision to shut down operations ahead of [an expected bankruptcy filing](https://www.wsj.com/articles/the-fall-of-a-truckin  ( 21 min )

Stocks were set up to slide Wednesday after the Fitch agency downgraded US credit.  ( 29 min )

During Wednesday’s trading session, the euro experienced a slight decline, hovering just above the 50-Day Exponential Moving Average.  ( 32 min )

AMD stock is now set to be driven by its success in AI chips. But analysts are split on how much market share it can take from Nvidia.  ( 26 min )

In my 401(k) retirement plan, I’m 82% stocks. I’m 65 and still working. Should I be moving my stocks to bonds? -Bob While it's not a satisfying answer, the real answer is that "it depends." The decision of whether to shift your 401(k) to a more conservative asset allocation will depend primarily on your longer-term […] The post Ask an Advisor: ‘Should I Be Moving Stocks to Bonds?’ I’m 65 and Have 82% of My 401(k) in Equities appeared first on SmartReads by SmartAsset.  ( 33 min )

Tupperware is the latest meme stock, and retail traders have pushed it higher in recent weeks despite concerns over the future of the business.  ( 26 min )

Americans, on average, believe they'll need $1.8 million for retirement. Is that realistic, and how would they get there?  ( 32 min )

Tupperware shares are sliding 13% ahead of the opening bell, chipping away at some of the stock's big gains this week. Investors have been following [the meme playbook](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-01-2023/card/tupperware-stock-skyrockets-24-ahead-of-the-opening-  ( 22 min )

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People say they need more money than ever to retire comfortably, but most employees are far from reaching their financial goal.  ( 30 min )

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Tyre manufacturer Goodyear India reported a higher quarterly profit as a drop in raw material prices helped make up for its first revenue fall in 12 quarters on low demand. The Indian unit of U.S.-based Goodyear Tire and Rubber Co said standalone profit rose 4% to 392.6 million rupees ($4.8 million) in the first quarter. While revenue from operations fell about 12% to 7.2 billion rupees, that was more than offset by a roughly 13% drop in expenses due to lower raw material prices.  ( 31 min )

LONDON (Reuters) -German mobile and broadband provider 1&1 said it had agreed a deal for Vodafone to provide 5G coverage to its customers, ousting current network partner Telefonica Deutschland by October 2024 at the latest. 1&1, which is majority owned by United Internet AG, said Vodafone would provide mobile coverage in areas not covered by its new 1&1 network, including 5G, 2G and 4G, under a deal that would be concluded as soon as possible.  ( 31 min )

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(Bloomberg) -- Investors will continue to scoop up Treasuries despite Fitch Ratings’ move to cut the US’ credit rating although the downgrade may spur some short-term volatility, according to analysts.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellPoland Sends Troops to Belarus Border After Airspace BreachMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsTrump Indicted on Federal Charges  ( 33 min )

CVS Health topped second-quarter expectations, but the health care giant's profit sank as pricing pressure hurt its drugstore business and rising medical costs hit the health insurance side. The drugstore chain, pharmacy benefit manager and insurer said Wednesday that it posted adjusted earnings of $2.21 per share in the quarter that ended June 30. Woonsocket, Rhode Island-based CVS Health Corp. operates one of the nation’s largest drugstore chains with nearly 10,000 retail locations.  ( 30 min )

Shares of the back-up power provider tumble after the company warns of a sharper sales decline in the second half of the year.  ( 26 min )

Low margins industry-wide saw Enterprise Products Partners missing analyst expectations for Q2, but the company still reached six operational records  ( 12 min )

Fitch downgraded the U.S. credit rating in a shock move that has sent stocks lower. But there is reason to believe it won't be as bad as the last downgrade.  ( 27 min )

CVS Health Corp beat Wall Street estimates for quarterly profit on Wednesday, boosted by strength in its pharmacy benefit management unit and lower-than-expected medical costs in its health insurance business. Excluding items, the company reported a profit of $2.21 per share, above analysts' average estimate of $2.11 per share, according to Refinitiv data.  ( 30 min )

Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years as well as a growing general government debt burden, making it the second major rating agency after Standard & Poor's move in 2011 to strip the country of its triple-A rating. "When the debt of the world's largest economy is seen as lower quality, it will naturally trouble investors and make them rethink their portfolios," said Laith Khalaf, head of investment analysis at AJ Bell. Megacap stocks including Tesla, Nvidia, Meta Platforms and Microsoft fell between 1.2% and 2.7% in premarket trading, dragging the Nasdaq 100 futures down by 1.1%.  ( 31 min )

AMD's fiscal third-quarter revenue guidance slightly misses estimates, quarterly sales at Starbucks come up short, and EA's guidance disappoints. CVS Health, Qualcomm, Shopify, and PayPal are among the companies reporting earnings Wednesday.  ( 27 min )

AMD stock is now set to be driven by its success in AI chips but analysts are split on how much market share it can take from Nvidia.  ( 26 min )

The U.S. Internal Revenue Service plans to allow taxpayers to submit all documents and correspondence to the agency digitally for the 2024 tax filing season and will convert all paper tax returns to digital documents by the 2025 season, the Treasury Department said on Wednesday. The initiative, part of a decade-long, $60 billion program to modernize systems and improve tax enforcement, will allow taxpayers to digitally submit all correspondence, non-tax forms and responses to IRS notices, the Treasury said.  ( 30 min )

The industrial titan slashed its payout in 2018. A separation of the aviation and power divisions could mean a bigger one.  ( 26 min )

Asian shares dipped Wednesday after Wall Street took a step back from its big rally as markets tried to digest a slew of earnings. Hong Kong's Hang Seng dipped 2.1% to 19,590.86, while the Shanghai Composite lost 0.9% to 3,259.93. Investor optimism was hurt by Fitch Ratings downgrading the United States government’s credit rating, citing rising debt at the federal, state, and local levels.  ( 33 min )

Maker of mobile processors and 5G wireless chipsets Qualcomm may provide a muted forecast when it reports fiscal-third-quarter earnings after the market close.  ( 26 min )

(Bloomberg) -- Asia stocks fell as Fitch Ratings’ downgrade of the US sovereign rating sapped risk sentiment following a strong recent run, while further support measures from China failed to reverse the mood. Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsPoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal Charges in 2020 Election ProbeMissing Goldman Sachs Analyst Co  ( 33 min )

(Bloomberg) -- The fallout from Fitch Ratings’ downgrade of the US puts the focus on the countries still holding onto the coveted top credit grade.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellPoland Sends Troops to Belarus Border After Airspace BreachUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceTrump Indicted on Federal Charges in 2020 Election ProbeEconomies with the highest credi  ( 30 min )

(Bloomberg) -- Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision to downgrade the US given signs of resilience for the world’s largest economy.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsPoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal Charges in 2020 Election ProbeMissing Goldman Sachs A  ( 31 min )

Gold climbed on Wednesday as the U.S. dollar, Treasury yields and Asian stocks stumbled after Fitch downgraded the United States' coveted triple-A credit rating, souring confidence in the economy and shoring up interest in safe-haven bullion. Spot gold was up 0.2% at $1,946.97 per ounce by 0312 GMT, while U.S. gold futures rose 0.3% to $1,984. Fitch after the Wall Street close on Tuesday downgraded the U.S. government's credit rating from AAA to AA+, citing fiscal deterioration over the next three years and growing general government debt burden.  ( 31 min )

Asian stocks traded lower while U.S. Treasury yields declined on Wednesday, after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating. MSCI's broadest index of Asia-Pacific shares fell 0.5%. Asian stocks were also weighed by declines on Wall Street overnight.  ( 31 min )

Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by selling assets.  ( 26 min )

Oil prices rose more than 1% on Wednesday, trading near their highest since April, after industry data showed a much steeper-than-expected draw last week in crude oil inventories in the U.S., the world's biggest fuel consumer. Brent crude futures for October rose 92 cents, or 1.1%, to $85.83 a barrel by 0001 GMT, while U.S. West Texas Intermediate crude climbed 84 cents, or 1.03%, to $82.21 a barrel. U.S. oil inventories fell by 15.4 million barrels in the week ended July 28, according to market sources citing American Petroleum Institute figures, compared with analysts' estimates for a drop of 1.37 million barrels.  ( 31 min )

U.S. Treasury yields edged down in Tokyo on Wednesday after ratings agency Fitch lowered the country's top credit rating. Fitch overnight downgraded the U.S. government's rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. "This will likely spark risk aversion flows as Asian markets re-open," Tony Sycamore, a markets analyst at IG, wrote in a note to clients.  ( 30 min )

(Bloomberg) -- Advanced Micro Devices Inc., the second-largest maker of personal computer processors, gained in late trading after the company topped second-quarter estimates and said it was making further inroads in artificial intelligence computing. Most Read from BloombergUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationStocks ‘Bend, Don’t Break’ After Almost 30% Rally: Markets WrapAsia’s Richest Families Fuel Race for  ( 32 min )

The S&P 500 index finished 1.4% lower on August 2, 2023, after chipmaker AMD issued weaker-than-expected third-quarter guidance, which weighed on the sector.  ( 1 min )

Investors reacted to the Fitch Rating agency’s downgrade of U.S. credit, sending long-term bonds higher and the Dow Jones lower by about 1%, or 350 points.  ( 1 min )

U.S. equities plunged at midday on Wednesday, Aug. 2, 2023 after Fitch reduced the U.S. credit rating.  ( 1 min )

Fitch downgrades the U.S. credit rating over recent debt-ceiling standoffs and AMD shares rise after its earnings report highlights its AI products. Here’s what investors need to know today.  ( 1 min )

The S&P 500 index finished 1.4% lower on August 2, 2023, after chipmaker AMD issued weaker-than-expected third-quarter guidance, which weighed on the sector.  ( 17 min )

Women face barriers to getting a raise. Here's how to strategically negotiate your salary and increase your earning potential.  ( 23 min )

Half of workers think they might reach their retirement goals.  ( 17 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 18 min )

Humana said it paid out fewer-than-expected claims for non-urgent surgery, and that helped the health insurer record better-than-expected second quarter profit.  ( 18 min )

SolarEdge Technologies shares cratered after the solar power company warned its business is being hurt by high borrowing costs, and gave current quarter guidance that missed estimates.  ( 16 min )

Six asset managers have filed with the SEC for Ethereum futures ETFs, which could launch as early as October.  ( 17 min )

Devaluation is the deliberate downward adjustment to the value of a country's currency relative to another currency or standard.  ( 23 min )

Next tax season will involve a lot less paper, both for taxpayers and for the IRS, which has launched an effort to rid itself of the hundreds of millions of pieces of forms and correspondence it receives every year.  ( 17 min )

You can buy a CD in a foreign country, but it's risky. Find out more about how it works and the pros and cons.  ( 23 min )

These accounts—created specifically for the wealthy—come with special perquisites such as personal bankers, waived fees, and the option of placing trades.  ( 23 min )

The quantity supplied is a term used in economics to describe the number of goods or services that are supplied at a given market price.  ( 23 min )

Generac Holdings was the worst-performing stock in the S&P 500 after the maker of home generators and other alt power equipment warned of a slump in residential sales because of falling demand.  ( 16 min )

Investors reacted to the Fitch Rating agency’s downgrade of U.S. credit, sending long-term bonds higher and the Dow Jones lower by about 1%, or 350 points.  ( 17 min )

Federal support for renewable energy projects more than doubled from 2016 to 2022, according to a recent report from the U.S. Energy Information Administration (EIA).  ( 17 min )

Rohit Chopra is the director of the Consumer Financial Protection Bureau (CFPB). He previously served as commissioner of the Federal Trade Commission (FTC).  ( 22 min )

Learn about 10 of the boldest leveraged buyouts in history. See how they became famous for either making, or losing, billions.  ( 25 min )

Combined single limits is an insurance policy provision where coverage for all components of a claim (bodily injury and property damage) is handled by a single amount.  ( 21 min )

Monetary policy impacts every asset class, and investors commonly structure their portfolios to benefit from and absorb economic policy changes.  ( 21 min )

The White House and Supreme Court have taken opposing positions on student loan forbearance. Learn what's in store for student borrowers with the SAVE plan.  ( 24 min )

In the aftermath of the COVID-19 pandemic, hiring is still booming, unemployment is near historic lows, yet Americans as a whole are still working fewer hours than they did in 2019.  ( 18 min )

Yum! Brands reported a record $7 billion in digital sales during the second quarter of 2023 as worldwide sales and same-store sales increased.  ( 18 min )

Trading losses and a decline in dealmaking led to an earnings slump at private equity (PE) firm Carlyle Group in the second quarter, although the loss was smaller than expected.  ( 17 min )

Learn the most commonly followed market and economic indicators used by market analysts to track the Chinese stock market and China's economy.  ( 27 min )

Here are the best online brokerage accounts and trading platforms with low costs and fees plus the best trading experience, mobile apps, and more.  ( 34 min )

Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.  ( 20 min )

The Fitch agency’s downgrade of the U.S. government’s credit rating is being met with pushback from officials and well known economists, while others said it highlighted the need for the government to reduce spending deficits.  ( 19 min )

The desirable markets aren't immune to high mortgage rates and low inventory, which are dampening the housing market nationwide.  ( 19 min )

Chemicals giant DuPont De Nemours posted a smaller-than-expected loss in the second quarter while raising its full-year sales forecast, but projected lower earnings for the year.  ( 17 min )

See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.  ( 21 min )

You can name almost anyone as a transfer on death (TOD) beneficiary. Learn more about the process and benefits for naming a TOD beneficiary.  ( 22 min )

An account freeze includes actions taken by a bank, brokerage or government to prevent transactions in an account.  ( 22 min )

Kraft Heinz's Q2 earnings reflected sales affected by a reduction in demand from cost-conscious consumers. Shares slipped early Wednesday but recovered.  ( 17 min )

Shares of CVS Health Corporation advanced as cost cutting helped the pharmacy chain and healthcare company post better-than-expected results.  ( 16 min )

U.S. equities plunged at midday on Wednesday, Aug. 2, 2023 after Fitch reduced the U.S. credit rating.  ( 16 min )

Starbucks sales soared in China as COVID-19 restrictions there eased, but overall revenue and comparable store sales were less than expected.  ( 16 min )

The House Committee on China has launched an investigation into BlackRock and MSCI for investing into blacklisted Chinese companies.  ( 17 min )

Researchers working on artificial general intelligence (AGI) aim to eventually produce a form of AI with human-level intelligence. AGI would ideally be able to learn, self-teach, and perform generalized tasks without human supervision or intervention.  ( 25 min )

Explore the forward price-to-earnings ratio, and learn its significance and how it compares to the traditional price-to-earnings ratio.  ( 20 min )

Learn about President Biden's proposals on healthcare, taxes, student debt, workers' rights, industry, infrastructure, and climate change.  ( 29 min )

A telex release is a convenient option for shippers who do not need original documents for their accounting or legal records.  ( 21 min )

A bank statement is a record, typically sent to the account holder every month, summarizing all transactions in an account during a set time period.  ( 22 min )

Is it better to make foreign direct investments or foreign portfolio investments? What is the difference and who does each one appeal to?  ( 19 min )

Mortgage rates moved strongly upward for virtually every loan type Tuesday, with the 30-year and 15-year averages reaching three-week highs. Refi rates also jumped.  ( 20 min )

Similar to rivals Intel and Nvidia, AMD could develop AI chips that it will be allowed to export to China despite U.S. controls.  ( 17 min )

An external transfer is a way to move money between accounts that are in different financial institutions. Learn how external transfers work.  ( 23 min )

Fitch downgrades the U.S. credit rating over recent debt-ceiling standoffs and AMD shares rise after its earnings report highlights its AI products. Here’s what investors need to know today.  ( 18 min )

Learn who the top 10 billionaires in the world are and how they built their wealth.  ( 33 min )

A variety of metals, plastics, raw materials and chemicals are used by the electronics industry including copper, lithium, silver, gold and many others.  ( 19 min )

Financial capital commonly refers to the assets needed so a company can provide goods or services, measured in cash value. Economic capital is the money to cover possible losses from unexpected risks.  ( 19 min )

A structured note is a debt obligation that also contains an embedded derivative component that adjusts the security's risk-return profile.  ( 22 min )

Inwoners van Friesland bewijzen dat geld niet per se gelukkig maakt. Zij zijn bovengemiddeld tevreden over hun leven, terwijl de Randstad en Noord-Brabant beduidend rijker zijn.  ( 5 min )

Isolatiebedrijven en woningeigenaren moeten voor ze spouwmuren isoleren goed onderzoeken of daar vleermuizen in zitten. Met een camera in de ruimte tussen de muren kijken is niet voldoende.  ( 5 min )

Ferrari beleeft dit jaar gouden tijden met sterke verkopen in Europa, de Verenigde Staten en China. De sportwagenfabrikant zag de nettowinst met een derde stijgen tot 334 miljoen euro. Prijsverhogingen maken klanten schijnbaar niet minder enthousiast.  ( 3 min )

Pensioenfondsen profiteren van de stijgende rente en koerswinsten op de aandelenbeurs. Daardoor zijn de dekkingsgraden in juli opgelopen tot gemiddeld 122 procent. Dat betekent dat de fondsen gemiddeld voor elke 100 euro pensioenuitkering 122 euro in kas hebben.  ( 3 min )

De Griekse overheid biedt vakantiegangers een week gratis vakantie op Rhodos aan. Het aanbod geldt voor toeristen die in juli hun vakantie moesten afbreken vanwege hevige bosbranden.  ( 3 min )

Het is vandaag Earth Overshoot Day. Op deze 'dag van de overbevraging' hebben we al het voedsel en de grondstoffen die de aarde in een jaar tijd duurzaam kan produceren al verbruikt. Dus 'vieren' we vandaag dat we flink rood staan bij de planeet.  ( 5 min )

De Griekse overheid biedt vakantiegangers een week gratis vakantie op Rhodos aan. Het aanbod geldt voor toeristen die in juli hun vakantie moesten afbreken vanwege hevige bosbranden.  ( 3 min )

De prijzen van tarwe en mais zijn woensdag verder gestegen na de Russische aanval op de haven van de Oekraïense stad Izmail.  ( 3 min )

Met een betaald abonnement op X, voorheen Twitter, krijg je een blauw vinkje achter je naam. Gebruikers die er niet mee te koop willen lopen dat ze voor de dienst betalen, kunnen hem voortaan verbergen voor anderen.  ( 4 min )

De Verenigde Staten zijn voor beleggers minder betrouwbaar geworden. Volgens kredietbeoordelaar Fitch behoren Amerikaanse staatsleningen niet meer tot de veiligst denkbare beleggingen. Dat heeft te maken met de politieke strijd over het schuldenplafond.  ( 3 min )

Werknemers profiteren steeds meer van de krapte op de arbeidsmarkt. Het is niet voor niets dat het verloop bij veel bedrijven op een hoog niveau ligt. We wisselen vaker van baan en zijn niet meer bang om een hoger loon of een andere functie te eisen.  ( 5 min )

De regenachtige weken in juli zorgen voor lege terrassen bij strandtenten. Maar weer of geen weer, de Duitse toerist blijft een trouwe klant.  ( 5 min )

The House Committee on China has launched an investigation into BlackRock and MSCI for investing into blacklisted Chinese companies.  ( 1 min )

BTC's price rose following the announcement.  ( 30 min )

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United Auto Workers President Shawn Fain said on Tuesday the union is seeking economic benefits in contract talks with the Detroit Three automakers, including double-digit pay raises and defined benefit pensions for all workers. The UAW presented its economic demands to Chrysler-parent Stellantis on Tuesday and will make presentations to General Motors Wednesday and Ford Thursday ahead of the Sept. expiration of the current four-year contracts, Fain said.  ( 29 min )

As summer travel remains solid and consumer spending appears robust, plenty of analysts now believe a recession will not materialize. However, that is not the view of Raymond James’ CIO, Larry Adam. Adam is of the mind that a recession is all but inevitable and will kick off by this year’s fourth quarter. That said, the good news is that it will be a mild recession, one where the U.S. economy will shrink in a far less acute manner than during other recessions (0.6% vs. the average 2.5%), won’t l  ( 34 min )

Shares of the Monroe, Louisiana-based company, which has lost more than 61% of their value this year, dropped more than 8% in trading after the bell. The company, whose second-quarter loss was more than four times its $2 billion market capitalization, recorded a steep fall from a profit of $344 million a year ago. Lumen said it recorded a non-cash impairment charge of $8.8 billion in the quarter, triggered by a sustained decline in their share price and variance in the market valuation in the April-June period.  ( 31 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 20 min )

The company topped estimates but that wasn't enough for fickle investors.  ( 26 min )

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Whoever coined the phrase, "Sell in May and go away" surely wasn't referring to the 2023 stock market. Both June and July were excellent months for the major indices, and while real estate investment trusts (REITs) underperformed the general indices, most still managed to finish on the positive side in July. July was an outstanding month for office REITs as three of the top four performers emerged from that sector. Short sellers who were predicting office stocks' demise were forced to run for co  ( 32 min )

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Profits for oil and gas companies have dropped from last year's bumper levels after crude prices eased from multi-year highs when Russia's invasion of Ukraine upended markets. Shares of Devon fell 2.4% to $52.41 in extended trade. Pioneer posted a 53.5% drop in second-quarter profit, while Devon's income declined 64.3%.  ( 31 min )

Advanced Micro Devices forecast third-quarter revenue below market expectations on Tuesday, hit by a slowdown in cloud computing spending. The company forecast current-quarter revenue of about $5.7 billion, plus or minus $300 million. Analysts polled by Refinitiv expect revenue of $5.82 billion.  ( 30 min )

(Bloomberg) -- A gravity-defying rally in electric vehicle startup Nikola Corp. is showing no signs of stopping, as the company’s latest efforts to conserve cash and secure funds reignites a fervor for the stock. Most Read from BloombergUS Credit Rating Downgraded From AAA by Fitch US, Europe Growing Alarmed by China’s Rush Into Legacy ChipsTrump Indicted on Federal Charges in 2020 Election ProbeStocks ‘Bend, Don’t Break’ After Almost 30% Rally: Markets WrapCharles Koch-Tied Group Seeks to Block  ( 32 min )

Videogame publisher Electronic Arts missed booking estimates for its first quarter on Tuesday, hurt by competition from other franchise-based games and muted spending by gamers. The company posted net bookings of $1.58 billion in the quarter ended June 30, compared with Refinitiv estimates of $1.59 billion.  ( 30 min )

Starbucks posted fiscal third-quarter results on Tuesday after market close.  ( 31 min )

Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. IPhone sales likely fell more than 2% in the period, according to 24 analysts polled by Visible Alpha, compared with a near 3% increase a year earlier and a 1.5% rise in the quarter ended March. The quarterly report could mark a break from an upbeat earnings season for the likes of Meta Platforms, Alphabet and Microsoft that have shown resilience in their cloud businesses and an uptick in digital ad sales.  ( 32 min )

For the fiscal third quarter, analysts expect Apple to report sales of $81.9 billion, down about 1% from the year-earlier quarter.  ( 26 min )

Pfizer reports mixed second quarter earnings as uncertainty around COVID remains a headwind.  ( 33 min )

Yellow stock was surging Tuesday, even after the company ceased operations. Yellow (ticker: YELL) is one of the country's largest and oldest trucking firms. The company notified the Teamsters Union on [Monday](https://teamster.org/2023/07/teamsters-notified-that-yellow-corp-operating-companies-have  ( 10 min )

Tupperware is the latest meme stock, and retail traders have pushed it higher in recent weeks despite concerns over the future of the business.  ( 27 min )

A drug company with operations in Morrisville has signed a major licensing deal for its newly approved treatment for multiple sclerosis.  ( 10 min )

US judge Jed Rakoff said cryptocurrencies can be securities when sold to the general public, adding more murkiness to how the industry will be regulated.  ( 32 min )

To start, Enphase Energy is working to expand faster in Europe, where its sales are still growing fast.  ( 27 min )

Cruise stocks fell Tuesday, with Norwegian Cruise Line plummeting, after the company set a third-quarter profit outlook that was narrower than Wall Street expected. Norwegian's shares were recently down more than 13%, on pace to break a four-day winning streak and one of the S&P 500's worst perfo  ( 22 min )

Creditors led by Apollo Global Management Inc are nearing a deal to provide Yellow Corp with fresh cash during a coming bankruptcy, Bloomberg News reported, citing people with the matter. Yellow, formerly called YRC Worldwide, is the third-biggest U.S. trucking company's that focuses on "less-than-truckload" shipping and transports goods from multiple shippers in single trailers. Apollo and Yellow did not immediately respond to Reuters' request for a comment.  ( 30 min )

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Crumbling COVID-19 vaccine and treatment sales chopped Pfizer’s second-quarter earnings, but both the drugmaker and Wall Street expect a rebound in the back half of 2023. Pfizer recorded no U.S. sales of its treatment, Paxlovid, in the recently completed quarter, as the company shifts to selling the pills on the commercial market after contracting with the government. Sales of the vaccine Comirnaty also slid 83% to $1.49 billion in the quarter, as both products fell short of Wall Street expectations.  ( 31 min )

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SoFi is aiming to be profitable in its fourth quarter, but Wall Street is questioning the pace of growth.  ( 26 min )

BRY, GNK, ARI, PXD, and EGLE lead peers by forward dividend yield  ( 25 min )

Toyota's operating margins are back above those of electric vehicle giant Tesla. The battle for global automotive dominance continues.  ( 26 min )

Yellow Corp.'s expected bankruptcy was decades in the making, says FreightWaves' Craig Fuller, who argues Teamsters were "dragging" the "precarious" situation.  ( 31 min )

(Bloomberg) -- Tupperware Brands Corp. has been warning for months that it may go bust, but that isn’t keeping retail investors away from powering an eye-popping rally reminiscent of the pandemic-era meme stock craze.Most Read from BloombergCharles Koch-Tied Group Seeks to Block Trump From GOP NominationUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsAsia’s Richest Families Fuel Race for Lucrative Finance JobsSingapore PM to Address Political Scandals in ParliamentMyanmar Junta Pardo  ( 32 min )

(Bloomberg) -- Uber Technologies Inc. reported better-than-expected net income, boosted by record ridership volumes, offering evidence the ride-hailing giant is officially moving beyond its cash-burning startup past and making progress on its profitability goals. Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationMyanmar Junta Pardons Aung S  ( 32 min )

The crypto-enthusiast suggested that young and risk-tolerant investors buy Alibaba stock, silver, ether, and bitcoin.  ( 32 min )

High earners could see a significant tax increase under a Democratic proposal to bolster Social Security and Medicare. A financial advisor can help you respond to potential changes to tax laws and regulations. Find a fiduciary advisor today. The proposed legislation – called the "Medicare and Social Security Fair Share Act" – would require taxpayers […] The post Are You a High Earner? You Could Pay a Lot More in Taxes Under This Proposed Law appeared first on SmartReads by SmartAsset.  ( 31 min )

U.S. District Judge Rakoff rejected a previous judge’s distinction between institutional sales and sales to retail investors on crypto exchanges, the report noted.  ( 31 min )

It’s been clear for a while now that the stock market is on an upward trajectory, buoyed by a resilient economy and retreating high inflation. The good news, according to John Stoltzfus, Chief Investment Strategist at Oppenheimer, is that the chances of the bull market continuing are more likely than the bears grabbing hold of the narrative once again. “Our appraisal of the market landscape at this time suggests that opportunity outweighs risk as current monetary policy generates a transition fr  ( 34 min )

Goldman Sachs upgraded, Rivian downgraded: Wall Street's top analyst calls  ( 33 min )

Signs of a softening demand in the quarters ahead have hurt airline shares this earnings season.  ( 26 min )

The ride-hailing company posts its first-ever quarterly operating profit and gives better-than-expected third-quarter guidance.  ( 26 min )

Shares of trucking company Yellow continued to soar early Tuesday, extending a stretch of busy trading days after the company shut down operations ahead of an expected bankruptcy filing. The  ( 22 min )

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Believe it or not, Meta's stock still looks cheap on this one important valuation metric.  ( 33 min )

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Chinese electric-vehicle makers Li Auto, XPeng, and NIO deliver a combined 65,604 vehicles in July. That's a record and up more than 100% from last year.  ( 26 min )

"We made a change in our U.S. distribution center that added capacity to support higher revenue in fiscal Q4 and beyond," Rockwell's chief executive Blake Moret said. The company said on a post-earnings call it had missed about a week of planned shipments in May due to a longer-than-expected changeover to a new third-party logistics supplier at its North American distribution center.  ( 31 min )

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ZIM Integrated Shipping Services, Nordic American Tankers, and Eneti are the top performers for value, growth, and momentum, respectively.  ( 22 min )

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Signs of a softening demand in the quarters ahead have hurt airline shares this earnings season.  ( 26 min )

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Shares of Tupperware soared more than 20% ahead of the opening bell, continuing a meteoric rally that has more than quadrupled the value of the stock since the start of July. The gains are reminiscent of the meme stock mania that swept markets in recent years, when a speculative frenzy sent shares  ( 23 min )

ZoomInfo shares are down sharply after the database information provider trimmed its full-year financial forecast.  ( 26 min )

The company is rolling out 19 products or new uses within 18 months, CEO Albert Bourla said.  ( 27 min )

The maker of Malboro cigarettes saw revenue hit by lower cigarette volumes. Price hikes helped offset that.  ( 26 min )

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The bar was high after Royal Caribbean's blowout numbers last week.  ( 26 min )

The ride-hailing company posts its first-ever quarterly operating profit and gives better-than-expected third-quarter guidance.  ( 26 min )

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Southern Copper Corp. is the best value copper stock and Capstone Copper Corp. leads for growth and momentum in this metals industry.  ( 21 min )

Altria, which has been raising prices to counter the defection of consumers to cheaper brands in the face of persistent inflation, has banked on demand for its premium offerings from the Marlboro brand of cigarettes, which it markets and sells in the U.S. Altria, like peer Philip Morris, also benefited from strong demand for spitless nicotine pouches, which are an alternative to traditional moist chewing tobacco.  ( 31 min )

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Norwegian Cruise Line Holdings forecast third-quarter profit below estimates on Tuesday, as higher fuel costs reverse its gains from pent-up demand for cruise bookings and raised ticket prices. Shares of the company, which appointed a new CEO in March, were down 7.2% in premarket trading. Cruise operators have been wrestling with elevated costs associated with food, raw materials, fuel, a stronger U.S. dollar and labor due to the pandemic that were exacerbated by the Russia-Ukraine war.  ( 31 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 9 min )

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Revenue was lifted by higher sales across all three of its major segments.  ( 25 min )

Pfizer Inc on Tuesday fell short of Wall Street estimates for quarterly revenue, hit by declining sales of its COVID-19 products. Total revenue for the second quarter at $12.73 billion missing analysts' estimates of $13.27 billion, according to Refinitiv data.  ( 30 min )

U.S. energy infrastructure group Enterprise Products Partners LP reported lower earnings for the second quarter due to a major year-on-year drop in the price of natural gas liquids, which affected margins, the company said on Tuesday. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter of 2023 were $2.17 billion, versus $2.36 billion a year before. Lower revenues on the company's EFS Midstream System, as well as lower volumes on its propylene and octane enhancement business, also affected earnings, it said.  ( 31 min )

Chinese electric-vehicle makers Li Auto, XPeng, and NIO deliver a combined 65,604 vehicles in July. That's a record and up more than 100% from last year.  ( 26 min )

Three compelling reports show just how damaging RTO mandates are turning out to be.  ( 33 min )

The reality is you may lose your ability to negotiate when you put all cards on the table.  ( 32 min )

(Bloomberg) -- Shares in Asia rose Tuesday following bullish trade on Wall Street as investors parsed further signs of stability in the global economy.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoCharles Koch-Tied Group Seeks to Block Trump From GOP NominationA 5% US Mortgage Rate Is Seen as Tipping Point to Unlock SupplyEquities i  ( 34 min )

(Bloomberg) -- The S&P 500 received its most bullish outlook yet from Oppenheimer Asset Management, which sees further upside for stocks as the Federal Reserve nears a pivot and the US economy stays resilient.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgag  ( 31 min )

Arista Networks soars after issuing revenue guidance above forecasts, while ZoomInfo tumbles after cutting its outlook. Earnings are expected Tuesday from Merck, Pfizer, Caterpillar, Uber, and Advanced Micro Devices.  ( 27 min )

The energy giant raised its dividend by 10% and announced a new $1.5 billion share buyback program.  ( 27 min )

(Bloomberg) -- BP Plc raised its dividend by 10% and said it would buy back another $1.5 billion of shares, even as its second-quarter profit fell by more than expected amid weaker oil and gas prices. Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgage Rate I  ( 8 min )

French tech company Atos said on Tuesday that it was in talks to sell its Tech Foundations unit to Czech billionaire Daniel Kretinsky's EP Equity Investment (EPEI). Atos said this sale would result in a positive net cash impact of 100 million euros ($109.9 million), and the transfer of 1.9 billion euros worth of on-balance sheet liabilities, resulting in an overall enterprise value of 2 billion euros. Atos will also re-name itself as Eviden, following the sale.  ( 30 min )

The Wall Street consensus estimate is that AMD will report revenue of $5.3 billion with adjusted earnings per share of 57 cents for the June quarter.  ( 26 min )

HSBC Holdings reported a 235% increase in first-half profit on Tuesday, as it benefited from rising interest rates around the world and the positive effects of its planned French unit sale.Europe's largest bank with a market value of $162 billion posted a pretax profit of $21.7 billion for the first six months this year, versus $9.2 billion a year earlier. The results were better than the $20.9 billion mean average estimate of brokers compiled by HSBC.  ( 30 min )

CVS Health is shedding 5,000 jobs to help reduce costs as the U.S. pharmacy chain sharpens its focus on healthcare services, the Wall Street Journal reported on Monday. CVS added that the jobs affected will primarily be corporate positions, according to the report, citing a memo reviewed by WSJ. CVS did not immediately respond to a Reuters request for comment.  ( 30 min )

Bitcoin and Ether traded little changed on Tuesday morning, both holding at support prices they have fluctuated around for several weeks.  ( 32 min )

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Since the end of the Second World War, the US has been the 800-pound gorilla of the world economy – the largest in monetary terms, the largest producer, the largest innovator, the largest financial market. That dominance has been challenged in the last couple of decades, with the rise of China to become the world’s second-largest economy, the expansion of Taiwan’s semiconductor chip industry to global leadership, the ingenuity of South Korean tech firms – especially in AI, and the expansion of I  ( 10 min )

"Lower inflation and stronger economy and good guidance and good profits, what's to stop this market now?"  ( 7 min )

One debt limit fight just ended at the beginning of June and another budget fight is likely on the way. That, along with a few other macroeconomic factors, was enough for Fitch to downgrade the country's credit rating to AA+.  ( 17 min )

Borrower defense is a federal regulation that allows students who have been defrauded by their college to seek forgiveness for their student loans.  ( 22 min )

The S&P 500 finished 0.3% lower on Tuesday, Aug. 1, 2023, as weaker-than-expected earnings from pharmaceutical companies weighed on the broader index.  ( 17 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 18 min )

The price-weighted index rode gains from Caterpillar to move higher by 0.2%, or roughly 70 points, despite more than two-thirds of the index’s stocks falling.  ( 17 min )

Ford Motor Company said the plant that produces its popular electric F-150 Lightning pickup is back in operation, and ready to meet rising demand.  ( 16 min )

The savings account at Apple Bank offers competitive rates, but are they competitive enough? We reviewed Apple Bank so you can decide if the bank is right for you.  ( 21 min )

The gross domestic product, a broad measure of the country’s entire economic output, is on track to surge ahead to a 3.9% annual growth rate in the third quarter, for now.  ( 17 min )

Norwegian Cruise Line shares plummeted as the cruise line operator’s outlook for the key third quarter missed estimates on higher costs.  ( 16 min )

High inflation, high interest rates, and high costs of living has impacted how younger generations invest.  ( 18 min )

"Guns and Butter" describes the opposing relationship between defense and social spending for a nation's government.  ( 21 min )

Construction spending—a key economic indicator of infrastructure activity—jumped 3.5% higher in June compared to a year ago, and was up 0.5% month-over-month.  ( 17 min )

Uber Technologies posted its first-ever quarterly operating profit, but shares slumped as revenue missed estimates.  ( 18 min )

The morbidity rate, used by various insurance companies to price their premiums, is the frequency with which a disease appears in a population.  ( 21 min )

Stockholders' equity is the remaining amount of assets available to shareholders after paying liabilities. Learn how to calculate stockholders’ equity.  ( 24 min )

iShares Core S&P 500, Vanguard S&P 500, and SPDR Portfolio S&P 500 are tied for lowest fees, while SPDR S&P 500 is the most liquid.  ( 19 min )

The government limits how much money can be put into life insurance without losing tax benefits. How can you avoid this Modified Endowment Contract trap?  ( 25 min )

A hardship default is a failure to make a scheduled payment on a debt due to a financial setback. Learn what a hardship default is, how it works, and how to avoid it.  ( 23 min )

The housing market has problems, but widespread crashing prices isn’t one of them, according to Zillow economists who declared the housing market has “avoided a crash.”  ( 19 min )

U.S. homebuying by foreigners for the year ending in March was the lowest since 2009, the National Association of Realtors (NAR) found.  ( 18 min )

Term life insurance guarantees payment of a death benefit if the person insured passes away within a certain number of years. Learn how it works and alternatives.  ( 25 min )

You may face times when you need cash for an expense. Learn how to determine whether cashing in your life insurance policy is the right solution for you.  ( 30 min )

Permian Resources, Civitas Resources, and Northern Oil & Gas led sector performance over the past year  ( 21 min )

A student loan consolidation can save you money on your student loans, but there are some pros and cons to consider.  ( 25 min )

Job seekers, who have enjoyed plentiful options in recent years, saw their choices diminish somewhat in June as the number of job openings ticked down to their lowest since April 2021.  ( 17 min )

A direct consolidation loan is a type of direct loan that combines two or more federal education loans into a single loan.  ( 24 min )

These are the top 25 most heavily weighted stocks in the Standard & Poor's 500 Index.  ( 28 min )

The National Highway Traffic Safety Administration (NHTSA) has initiated a probe into Tesla's 2023 editions of Models 3 and Y.  ( 18 min )

Falling refinery margins slice Marathon Petroleum's quarterly earnings, but profit and revenue still surpass expectations as oil, gas prices again head higher.  ( 18 min )

Learn about the three popular betting odds formats—British (fractional), European (decimal), and American (money line)—and how to interpret them.  ( 24 min )

U.S. equities fell at midday on Aug. 1, 2023, as optimism about corporate earnings faded following the release of the latest batch of reports.  ( 16 min )

A paper trade is the practice of simulated trading so that investors can practice buying and selling securities without the involvement of real money.  ( 23 min )

Understand how to compare the yields of different bonds, and how to equalize and compare fixed-income investments with different yield conventions.  ( 21 min )

Merck reported better-than-expected results and raised its sales outlook on rising drug and vaccine sales.  ( 16 min )

Drugmaker Pfizer's Q2 earnings showed mixed results. EPS beat analyst expectations but revenue declined on falling demand for its COVID products.  ( 17 min )

BP is the latest to join the list of major energy companies that posted big profit declines because of falling oil and gas prices.  ( 16 min )

Did you know that you might be eligible for a grant to help start or run your small business? There are many out there for the taking; you just need to know where to look.  ( 27 min )

U.S. companies are ramping up their capital expenditures (CapEx) after years of underinvestment, according to research from Bank of America.  ( 17 min )

Protect innovative ideas with different types of patents. The values of these assets increase the overall value of your business.  ( 21 min )

Find out how to open a savings account in the U.S. if you are a foreigner. Learn about the restrictions and qualification criteria as well as about the process.  ( 24 min )

BRY, GNK, ARI, PXD, and EGLE lead peers by forward dividend yield  ( 24 min )

Most mortgage rates dipped Monday, with another handful of averages holding steady. The 15-year average edged slightly higher, however, to hit a three-week high.  ( 20 min )

American Express is more than just a popular credit card issuer; it offers competitive savings account rates, too. Learn more about saving money with Amex.  ( 20 min )

You can buy comprehensive, accident-only, and wellness pet insurance. The first two types cover a variety of accidents and illnesses, while wellness is optional.  ( 23 min )

Footwear brand Birkenstock, known for its high-fashion array of sandals, is considering going public in September via an IPO, potentially valuing the company at more than $8 billion.  ( 19 min )

Launched in November of last year, Amazon Clinic rolls out nationwide though its message-based consultations are still limited to 34 states.  ( 18 min )

Theravance Biopharma, Sun Country Airlines Holdings, and Cabaletta Bio are the top stocks in August for best value, fastest growth, and most momentum, respectively.  ( 23 min )

A 529 plan is a tax-advantaged account that can be used to pay for qualified education costs, including college, K–12, and apprenticeship programs. Starting in 2024, a specified amount of unspent funds can be transferred to a Roth IRA.  ( 27 min )

ZIM Integrated Shipping Services, Nordic American Tankers, and Eneti are the top performers for value, growth, and momentum, respectively.  ( 21 min )

Saturn Oil & Gas, Vertex Energy, and YPF SA are top for value, growth, and momentum, respectively  ( 21 min )

Personal consumption expenditures is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn more about PCE and how it's used.  ( 27 min )

A private placement is a sale of stock shares to pre-selected investors and institutions rather than on the open market.  ( 24 min )

Southern Copper Corp. is the best value copper stock and Capstone Copper Corp. leads for growth and momentum in this metals industry.  ( 20 min )

Meta Platforms is planning to roll out AI chatbots to help it retain users of its apps and healthcare retailer CVS lays off 5,000 workers as it cuts costs in preparations to expand into primary care. Here’s what investors need to know today.  ( 19 min )

The price-weighted index rode gains from Caterpillar to move higher by 0.2%, or roughly 70 points, despite more than two-thirds of the index’s stocks falling.  ( 1 min )

The S&P 500 finished 0.3% lower on Tuesday, Aug. 1, 2023, as weaker-than-expected earnings from pharmaceutical companies weighed on the broader index.  ( 1 min )

BP is the latest to join the list of major energy companies that posted big profit declines because of falling oil and gas prices.  ( 1 min )

U.S. companies are ramping up their capital expenditures (CapEx) after years of underinvestment, according to research from Bank of America.  ( 1 min )

U.S. equities fell at midday on Aug. 1, 2023, as optimism about corporate earnings faded following the release of the latest batch of reports.  ( 1 min )

Meta Platforms is planning to roll out AI chatbots to help it retain users of its apps and healthcare retailer CVS lays off 5,000 workers as it cuts costs in preparations to expand into primary care. Here’s what investors need to know today.  ( 1 min )

Passagiersvliegtuigen stijgen en landen weer vaker op Nederlandse luchthavens en ze zitten ook voller. In het tweede kwartaal van dit jaar ging het om bijna negentien miljoen passagiers. Dat zijn er 9,3 procent meer dan vorig jaar.  ( 4 min )

Amazon heeft dinsdag zijn eerste Nederlandse distributiecentrum in Almelo geopend. De locatie moet tot 25.000 pakketten per dag kunnen verwerken, waardoor het webwinkelconcern meteen kans ziet meer producten in zijn assortiment op te nemen.  ( 3 min )

Tankstations in Italië moeten vanaf dinsdag verplicht de gemiddelde prijzen van benzine en diesel tonen. Italië wil zo voorkomen dat pomphouders sjoemelen met de prijzen.  ( 3 min )

In de eerste helft van dit jaar is er al een recordaantal nieuwe motoren verkocht in Nederland. Vooral onder jongeren wordt de motor steeds populairder.  ( 3 min )

Een telefoon wordt warmer als hij aan de laadkabel hangt, omdat er elektriciteit in stroomt. De accu wordt dan aan het werk gezet. Maar hoe warm hij wordt, ligt ook aan de kabel. Moet je je daar zorgen over maken?  ( 3 min )

Ondanks de hoge inflatie werden er van april tot en met juni wereldwijd een recordaantal ritten geboekt bij Uber. Dat zegt het taxibedrijf dinsdag bij de presentatie van de cijfers.  ( 3 min )

Dit jaar zijn tot nu toe ruim 229.000 nieuwe personenauto's geregistreerd. Dat zijn er 30,6 procent meer dan een jaar eerder. Vorige maand gingen bijna 29.000 nieuwe auto's de weg op, bijna een derde meer dan in juli 2022.  ( 3 min )

De FBI heeft naar eigen zeggen onbewust commerciële spionagesoftware ingezet om mensen te volgen. Daar kwam de dienst achter nadat The New York Times eerder dit jaar bewijs vond dat de Amerikaanse regering zich daar schuldig aan heeft gemaakt.  ( 3 min )

Net als bij Shell en Total zakken dit jaar ook bij olie- en gasproducent BP de winsten hard terug. De nettowinst van BP was in het tweede kwartaal ruim drie keer zo laag als in dezelfde periode vorig jaar.  ( 3 min )

Meta is van plan een reeks AI-chatbots naar zijn diensten te brengen. Het Facebook-moederbedrijf is van plan de chatbots van verschillende persoonlijkheden te voorzien. Ze verschijnen mogelijk al volgende maand, zeggen bronnen tegen de Financial Times.  ( 3 min )

Voor negen producten moeten klanten van supermarktketen Penny Market deze week de "werkelijke prijs" betalen. De Duitse discounter berekent de kosten van milieuschade door, waardoor een bol mozzarella bijna twee keer zo duur is.  ( 3 min )

De Japanse autoproducent Toyota produceerde en verkocht in het tweede kwartaal meer auto's dan ooit. Dat kon doordat de chiptekorten achter de rug zijn. Ook werkt mee dat de Japanse yen goedkoop is voor consumenten buiten Japan.  ( 3 min )

Maaltijdbezorger Thuisbezorgd brengt naast pizza's en burgers nu ook shampoo, zeep en andere verzorgingsmiddelen rond. Daarvoor gaat het bedrijf een samenwerking aan met Lush.  ( 3 min )

Werknemers hebben nauwelijks iets te vrezen als zij openlijk aangeven dat ze op zoek zijn naar een andere baan. Veel bedrijven hebben namelijk grote moeite om mensen aan te trekken en te behouden vanwege het personeelstekort. En dat zorgt voor andere verhoudingen op de arbeidsmarkt.  ( 5 min )

Ford Motor Company said the plant that produces its popular electric F-150 Lightning pickup is back in operation, and ready to meet rising demand.  ( 1 min )

The National Highway Traffic Safety Administration (NHTSA) has initiated a probe into Tesla's 2023 editions of Models 3 and Y.  ( 1 min )

Footwear brand Birkenstock, known for its high-fashion array of sandals, is considering going public in September via an IPO, potentially valuing the company at more than $8 billion.  ( 1 min )

Launched in November of last year, Amazon Clinic rolls out nationwide though its message-based consultations are still limited to 34 states.  ( 1 min )

A new lawsuit accuses Taco Bell of falsely advertising its Mexican pizzas and crunch wraps and showing the menu items as being fuller than real life.  ( 31 min )

Both CDs and high-yield savings accounts are paying record rates right now, with dozens of options that earn 5.00% or more. Find out how to choose what's best for you.  ( 20 min )

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SoFi is reaching an affluent client base. Customers opening new direct-deposit accounts in the second quarter had a median FICO score of 747  ( 13 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 20 min )

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Even as some of the original meme stocks lose momentum, Tupperware is the newest member of the group with shares rising about 450% in just a month.  ( 19 min )

ZoomInfo shares are down sharply after the database information provider trimmed its full-year financial forecast.  ( 26 min )

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The company is seeking new sources of revenue because patent expirations are expected to hit seven of its key products by the end of the decade.  ( 27 min )

(Bloomberg) -- AT&T Inc.’s human resources chief, Angela Santone, will leave the company at the end of September, just as the telecommunications giant is eliminating thousands of jobs as part of a newly expanded $8 billion cost-reduction program.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsStock Traders Refrain From Big Bets After  ( 8 min )

The Buffett Indicator spiking is a "very strong warning signal," and buying stocks when it's around 200% is "playing with fire," Buffett has said.  ( 6 min )

A brightly flashing “X” sign has been removed from the San Francisco headquarters of the company formerly known as Twitter just days after it was installed. The San Francisco Department of Building Inspection said Monday it received 24 complaints about the unpermitted structure over the weekend, including concerns about its structural safety and illumination. The Elon Musk-owned company, which has been rebranded as X, had removed the Twitter sign and iconic blue bird logo from the building last week.  ( 5 min )

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Disney shares gained as the entertainment giant reportedly brought back two former execs to advise CEO Bob Iger.  ( 16 min )

PNC closed 173 branches in the first half of 2023, capped by 46 in June.  ( 10 min )

Johnson & Johnson shares dropped after a judge ruled against its plan to resolve talcum powder-related lawsuits.  ( 17 min )

(Bloomberg) -- For stock-picking hedge funds coping with 2023’s loopy markets, risks are starting to outweigh the rewards.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoCharles Koch-Tied Group Seeks to Block Trump From GOP NominationA 5% US Mortgage Rate Is Seen as Tipping Point to Unlock SupplyPro managers who make both bullish and  ( 33 min )

Stocks rose Monday as investors prepared for earnings from Apple and Amazon and for the July jobs report to land later this week.  ( 31 min )

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A fresh wave of investors is veering away from the tried-and-true stocks and bonds, opting to venture into alternative assets. Gen Z and wealthy young investors are increasingly drawn to alternative investments rather than conventional choices. Based on a survey conducted by Lansons, it was found that less than 10% of the entire American population has invested in alternative assets. However, among the younger generations, there is a more significant interest in alternative investments, with 30%  ( 31 min )

Mass layoffs and plans to file for bankruptcy haven't scared off a Boston-based hedge fund that now owns a 25% stake in Yellow.  ( 11 min )

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(Bloomberg) -- Walt Disney Co. hired Kevin Mayer and Tom Staggs, two executives once in the running to replace Bob Iger as chief executive officer, to help it evaluate strategic partners for its ESPN sports networks.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy Chips‘FOMO Rally’ Hits a Wall as Stock Fatigue Kicks In: Markets WrapWhy Chin  ( 31 min )

The Hawkeye State was No.1 on a Bankrate list of best places to retire, with Missouri and Nebraska among the top 10.  ( 31 min )

Frank Siragusa was not happy that the Mexican Pizza he paid $5.49 for at a Taco Bell in New York City last September appeared to contain only half as much beef and bean filling as the photo in the chain's advertising. In a proposed class action filed on Monday in Brooklyn federal court, Siragusa accused Taco Bell of deceiving consumers by falsely advertising its Mexican Pizza, Veggie Mexican Pizza, Crunchwrap Supreme, Grande Crunchwrap and Vegan Crunchwrap as containing "at least double" their actual content.  ( 30 min )

The fairness of the U.S. tax system has long been debated. President Joe Biden recently tweeted, "It's about time the super-wealthy start paying their fair share." The message caught the attention of Tesla Inc. CEO and Twitter Inc. owner Elon Musk. "Please give him the password, so he can do his own tweets," Musk replied, implying that the tweet wasn't written by the commander in chief himself. But the billionaire business tycoon actually agrees with Biden's view. "In all seriousness, I agree th  ( 9 min )

Oppenheimer analyst Chris Kotowski upgraded shares of Citigroup, Inc (NYSE:C) to an Outperform rating and lifted the price target from $84 to $88. The analyst said that Citigroup, with a tangible book value of 0.59x, is still one of the cheapest banks on the market. He further noted that Citigroup’s underlying operating trends closely reflect its second-quarter full-year 2023 results, which beat Street consensus. Citigroup reported a 1% year-over-year decline in net revenue to $19.44 billion, be  ( 8 min )

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News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

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Johnson & Johnson stock was dropping, while Walt Disney was rising in midday trading Monday, with the three major stock indexes little changed. Johnson & Johnson (ticker: JNJ) shares fell 3.7% and were on pace for their largest percentage decrease since June 2020, according to Dow Jones Market Data  ( 12 min )

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Mortgage rates climbed again, taking the 30-year and other rate averages to their highest levels in more than two weeks, and the jumbo 30-year average to a 14-year high.  ( 21 min )

"The Enigma" is 555 carats and was sold by Sotheby's to Richard Heart in February 2022.  ( 30 min )

(Bloomberg) -- The creator of crypto token Hex illegally used millions of dollars of investor funds to buy a 555-carat black diamond known as “The Enigma,” according to the US Securities and Exchange Commission.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsWhy China’s Miracle Growth Story May Be Coming to an EndWall Street Holds Bac  ( 31 min )

The latest word from the big cloud-computing vendors about their plans for AI spending has made Bernstein more upbeat about the chipmaker's prospects.  ( 26 min )

Investing.com -- Stocks were muted on Monday as a deluge of megacap earnings started to hit this week, and as investors await this week's jobs report for July.  ( 31 min )

Shares of SoFi Technologies skyrocketed as the online bank posted better-than-expected results on strong loan demand and deposits.  ( 18 min )

Less-than-truckload carrier Yellow Corp. closed the gates Sunday and ceased all operations. The post Yellow’s demise: 2 decades in the making appeared first on FreightWaves.  ( 38 min )

Foxconn in Wisconsin is making microinverters for Enphase Energy that convert power from solar panels into electricity.  ( 10 min )

We have just been through a period of abundant stock market gains, but that is no coincidence, according to one legendary stock picker. Ken Fisher calls the last 9 months the “midterm miracle.” That is, history has shown that the 9 months starting October of a midterm election year turn out to be the most consistently profitable period in the stock market in all stock market history. With the huge strides made since October 1 last year, this scenario has played out in a “picture perfect” way. Bu  ( 10 min )

Cash-strapped, with $1.3 billion in debt due next year, trucking company Yellow is shuttering operations amid a union standoff.  ( 19 min )

Just this past April, the company warned of liquidity problems, saying there was “substantial doubt about its ability to continue as a going concern.”  ( 31 min )

Jefferies analyst Philippe Houchois downgraded Ford stock to Hold from Buy. His price target went to $15 a share from $17.  ( 26 min )

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(Bloomberg) -- Morgan Stanley’s Michael Wilson, one of the few Wall Street strategists to see last year’s equities rout coming, has been among the market’s leading pessimists throughout 2023. But on Monday, after months of soaring stocks, he changed his tone and now sees the rally running further. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on Bo  ( 8 min )

Shares of ON Semiconductor rose early Monday, leading the the S&P 500's advancers and supporting an index of chip stocks in morning trading. ON's stock was recently up roughly 2.5%. The Scottsdale, Ariz.-based company, which makes intelligent sensing and power services, said it is targeting third-q  ( 21 min )

The entrepreneur's divisive rebrand of Twitter has already wiped billions off its value, and now the very symbol of the company is deemed a potential hazard for public safety.  ( 32 min )

Adobe upgraded, Salesforce downgraded: Wall Street's top analyst calls  ( 9 min )

(Bloomberg) -- SoFi Technologies Inc. shares rose the most in almost a year after the online bank raised its revenue guidance, citing benefits from deposit growth and lower funding costs on loans.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyStocks Waver as Risk Appetite Cools; Yen  ( 7 min )

Stocks rose in the early going Monday, as investors prepared for earnings from Apple and Amazon, and for the July jobs report to land later this week.  ( 7 min )

The trucking company, once one of the U.S.' largest, will cease operations amid battle with union and struggles to pay debts.  ( 6 min )

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The logistics company J.B. Hunt Transport Services is ordering 13 trucks from the EV start-up. Investors are pleased.  ( 26 min )

Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you're married and hope to qualify for spousal benefits. If you're already taking Social … Continue reading → The post Rules for Switching Social Security Benefits appeared first on SmartAsset Blog.  ( 33 min )

Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing for bankruptcy emerged last week — as the Nashville, Tennessee-based trucker saw customers leave in large numbers. Yellow shut down operations on Sunday, according to the Wall Street Journal, following the layoffs of hundreds of nonunion employees on Friday.  ( 10 min )

Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While 28% of … Continue reading → The post Attention High Earners: You're Not Taking Retirement Seriously Enough appeared first on SmartAsset Blog.  ( 8 min )

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The rising adoption of electric vehicles has been a boon for chipmakers like Onsemi and NXP Semiconductors. Onsemi said in May it was considering investing over $2 billion to boost the production of silicon carbide chips used to extend the range of EVs. "Our brownfield capacity expansion is creating an opportunity for Onsemi to gain share in silicon carbide by capitalizing on the rapidly accelerating demand for electrification and renewable energy," Onsemi's CEO Hassane El-Khoury said in a statement.  ( 7 min )

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CrowdStreet raised $4 billion by promising big returns to small investors, but many deals were disappointing.  ( 27 min )

Analysts are bullish on software company MicroStrategy (MSTR), which reports earnings for the second quarter after the market close on Tuesday, and it’s all thanks to the many bitcoin (BTC) it holds.  ( 7 min )

Oppenheimer analyst Christopher Glynn bumped shares of General Electric to the equivalent of Hold from Buy.  ( 26 min )

“Let’s go to court and find out what the court says.”  ( 8 min )

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Jefferies analyst Philippe Houchois downgraded Ford stock to Hold from Buy. His price target went to $15 a share from $17.  ( 26 min )

Shares of SoFi Networks surged ahead of its earnings report and trucking company Yellow shut down operations as it prepares for bankruptcy. Here’s what investors need to know today.  ( 17 min )

Crude prices are on track for their biggest one-month advance since January last year, as traders brace for cuts by Saudi Arabia and Russia to tighten supplies. Brent crude futures, the global oil benchmark, have risen 13% in July to about $85 a barrel. The rally has snapped oil out of a monthslong  ( 22 min )

Oil prices will stall this year as weak economic growth is expected to curb demand and offset the impact of OPEC+ production cuts on supply, a Reuters poll showed on Monday. U.S. crude was seen averaging $77.20 a barrel in 2023, down from the previous month's $78.38 forecast, and $78.25 in 2024. "We expect the impact of high interest rate levels to start curbing economic growth more strongly over H2 2023," data and analytics firm Kpler said, maintaining "a comparatively bearish view on the market".  ( 7 min )

Wedbush's Daniel Ives suggests looking past iPhone sales and backing Apple stock on a likely acceleration in services revenue in 2024.  ( 26 min )

Throughout the Federal Reserve's drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough to do the job and getting it there fast enough to keep the public from losing faith. The Fed last week raised its policy rate to the 5.25%-5.50% range, the 11th increase in the last 12 meetings.  ( 9 min )

The regulator reportedly wanted Coinbase to cease trading all cryptocurrencies except Bitcoin prior to its legal action against the exchange.  ( 7 min )

Amazon investors are looking for updates on the tech giant's cloud business, ad revenue growth and signals on consumer health heading into the holidays as inflation continues to impact spending for corporations and consumers. Investors want to know how Amazon Web Services (AWS), the company's cloud provider, stands up against Microsoft and Google's, which both on Tuesday reported slowed growth in their cloud businesses in the quarter ending in June 30. Amazon previously said it is seeing a decrease in growth in AWS as business clients reallocated their spending to reduce costs.  ( 8 min )

Today's business landscape requires totally different set of skills, Andrew Liveris writes in his new book.  ( 7 min )

(Bloomberg) -- The US Treasury is set this week to begin a ramp-up in issuance of longer-dated securities that’s likely to stretch into next year, forced by a rapidly deteriorating budget deficit and soaring interest rates.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyArab States S  ( 9 min )

Whether in their sixth decade or their third, these are some of the most powerful private equity investors in the U.S. And they have $1.5 trillion to invest.  ( 19 min )

(Bloomberg) -- Adobe Inc.’s blistering rally has further to go, according to Morgan Stanley analyst Keith Weiss, who sees the creative software maker’s shares adding a further 25% over the next year.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyArab States Sour on Israel in Blow to  ( 7 min )

SoFi Technologies is scheduled to post earnings on Monday, while reports from Apple and Amazon are set for later in the week. Walmart, meanwhile, boosts its stake in India's Flipkart, according to The Wall Street Journal.  ( 26 min )

↗️ Palantir (PLTR): The data-mining company's shares gained roughly 5% ahead of the opening bell. The stock surged 10% Friday, boosted by an analyst note that said it was poised to be a major player in the artificial-intelligence revolution. ↘️ [**  ( 22 min )

(Bloomberg) -- European stocks edged lower as the weakest corporate earnings season since 2020 outweighed optimism that interest rates were potentially peaking. Heineken NV slumped after the brewer cut earnings forecast as its price increases drove consumers away from its brands.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardAsia’s Richest Families Fuel Race for Lucrative Finance JobsArab States Sour  ( 32 min )

Live coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite  ( 21 min )

Lamborghini could sell 10,000 cars this year for the first time, its CEO said, as the luxury sports carmaker reported a rise in profit and revenues for the first half. Chairman and CEO Stephan Winkelmann said it was not easy to make forecasts due to market uncertainties, including with raw materials, but added that selling 10,000 cars this year was a "feasible goal". Supported by the success of its Urus SUV, which costs around 200,000 euros ($219,900) before tax, Lamborghini has in recent years expanded its output, relying on solid demand from wealthy car lovers.  ( 7 min )

(Bloomberg) -- Equities in Asia rose Monday following a rally on Wall Street as investors embraced fresh signs that inflation is easing further. Chinese stock gauges led gains on expectations of more government stimulus. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesAsia’s Richest Families Fuel Race for Lucrative Finance JobsArab States Sou  ( 33 min )

The Swiss National Bank on Monday posted a second quarter loss of 13.20 billion Swiss francs ($15.14 billion) as interest rate hikes by other central banks dented the value of its massive bond holdings. The SNB lost 8.08 billion francs on its foreign currency positions of 742 billion francs as bond prices fell as investors feared more interest rate hikes by the U.S. Federal Reserve, European Central Bank and others. The Swiss central bank also lost 3.14 billion francs on its gold holdings in the three months to the end of June, as lower prices cut the value of the 1,040 tonnes of the precious metal it holds.  ( 31 min )

“This is our desire to simply get ahead of the production curve,” said Boeing CEO David Calhoun, despite there being “no breaks on the regulatory side.”  ( 10 min )

For all the excitement whipped up in China's markets by the Politburo last week, foreign investors say policymakers' words will have to be matched by substantive action to clean up an ailing property sector before confidence recovers. The sector accounts for a quarter of China's economy, yet developers' debts are sliding deeper into distressed territory, with repayment problems mounting while sales crumble. When the Politburo signalled that there would be changes to real estate policy, along with other measures to boost an economy, it ignited the biggest one-day buying spree in China's stock markets since 2021.  ( 32 min )

The cash piles households built up during the lockdowns and government stimulus of 2020-2021 have long been touted by analysts and central bankers as a reason economies could avoid a deep recession. U.S. excess savings have fallen to around $500 billion from around $2.1 trillion in August 2021, the San Francisco Federal Reserve estimates. In Europe, Deutsche Bank reckons excess savings in Sweden, struggling to contain a property slump, have dwindled.  ( 33 min )

The S&P 500 could end the year near its all-time high, given strong market sentiment and the current economic landscape, according to DataTrek.  ( 26 min )

(Bloomberg) -- China has made a number of pledges recently to revive the economy’s recovery and improve the business environment as concerns about the growth outlook continue to mount. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardAsia’s Richest Families Fuel Race for Lucrative Finance JobsBodegas Put on Notice as Visa Fights Back on Card SurchargesArab States Sour on Israel in Blow to US Aim of Sau  ( 32 min )

The stock has doubled this year, and the fintech's second-quarter earnings report may indicate whether that wild run was warranted.  ( 26 min )

Goldman analysts estimate global oil demand climbed to an all-time high of 102.8 million barrels per day (bpd) in July and see solid demand driving a larger-than-expected 1.8 million bpd deficit in the second half this year and a 0.6 million bpd deficit in 2024. A reduced recession risk and a strong effort by the Organization of the Petroleum Exporting Countries (OPEC) to push up prices support Goldman's view on higher oil prices and an outlook for less volatility, the analysts wrote in a note. Oil prices hovered near three-month highs on Monday, set to post their biggest monthly gains in over a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply.  ( 7 min )

Gold prices were bound for their biggest monthly gain in four on Monday as expectations grew that major global central banks may be nearing the end of current monetary policy tightening cycles. Spot gold was down 0.2% at $1,954.79 per ounce by 0431 GMT, while U.S. gold futures slipped 0.4% to $1,953.80 per ounce. "Markets feel vindicated with their assessment that Fed rates are at or near their terminal rate, with key inflation reports from the U.S. all pointing towards a faster pace of disinflation," said Matt Simpson, a senior market analyst at City Index.  ( 31 min )

(Bloomberg) -- The world’s biggest shipping companies are plowing their pandemic windfalls into orders for new vessels on an unprecedented scale, making an industry known for hair-raising cycles of boom and bust more vulnerable in the latest downturn.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardAsia’s Richest Families Fuel Race for Lucrative Finance JobsBodegas Put on Notice as Visa Fights Back on  ( 34 min )

Sentiment also has been boosted by revived hopes for more stimulus from Beijing for the sluggish Chinese economy. Chinese factory activity contracted in July as export orders shrank, a survey showed, adding to pressure on the ruling Communist Party to reverse an economic slowdown.  ( 7 min )

The U.S. Securities and Exchange Commission (SEC) had asked Coinbase to stop trading in all cryptocurrencies other than bitcoin prior to suing cryptocurrency platform in June, the Financial Times reported on Monday, citing Chief Executive Brian Armstrong.  ( 6 min )

Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected to rise in coming months. JP Morgan analysts said this month that oil inventories - which include crude and fuel products - now play a bigger role in determining oil prices than the U.S. dollar because Western sanctions on Russia have accelerated oil trading in other currencies. Both the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) expect oil demand to outpace supply this year, leading to overall inventory draws to the tune of 400,000 to 500,000 barrels per day (bpd), mostly accounted for by the second half of the year.  ( 32 min )

(Bloomberg) -- Walmart Inc. paid $1.4 billion to buy Tiger Global Management’s remaining stake in Flipkart, boosting its bet on the Indian retailer and helping the money manager provide distributions to investors at a time when accessing liquidity is tough.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoidi  ( 7 min )

Discover three exchange-traded funds (ETFs) that investors seeking to emulate the investment strategies of Warren Buffett may wish to consider.  ( 19 min )

The Teamsters union said late Sunday it received a legal notice that Yellow Corp. will be filing bankruptcy. The post Teamsters notified Yellow filing bankruptcy appeared first on FreightWaves.  ( 8 min )

(Bloomberg) -- Chinese stocks rose from Monday’s open, extending last week’s gains, on increasing signs Beijing is determined to shore up growth with measures supporting weaker parts of the economy. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoiding Crisis, Minister SaysVanguard’s Economists Aren’t Buyin  ( 30 min )

The yen edged steadily higher on Monday following a volatile session at the end of last week after the Bank of Japan (BOJ) loosened its grip on interest rates, and was on track to reverse three consecutive months of loss. The U.S. dollar was conversely headed for a monthly loss on the prospect that the Federal Reserve's aggressive rate-hike cycle - a key driver of the dollar's strength - could have concluded with last week's 25-basis-point increase. The yen was last roughly 0.3% higher at 140.77 per dollar, nursing some of its heavy loss from Friday after the BOJ maintained ultra-low rates, though made its bond yield curve control (YCC) policy more flexible and loosened its defence of a long-term rate cap.  ( 8 min )

(Bloomberg) -- Production has plummeted at Australia’s first lithium hydroxide refinery, operated by Tianqi Lithium Corp., extending a run of setbacks in the country’s attempt to move into battery metal refining.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoiding Crisis, Minister SaysVanguard’s Economists  ( 7 min )

Signs of deflation are becoming more prevalent across China, heaping extra pressure on Beijing to reignite growth or risk falling into an economic trap it could find hard to escape.  ( 26 min )

“What lies ahead for the stock market?” That’s the burning question on the minds of every market and economic expert out there, and it’s undoubtedly a challenging one. Inflation has moderated to a reasonable 3% annually, and the job market is showing signs of strength. Stocks are surging, indicating that investors have factored in the risk of a potential recession. However, this leads to a problem highlighted by B. Riley’s chief investment strategist, Paul Dietrich. He points out that earnings e  ( 10 min )

Asian shares looked to end the month on a firm note on Monday in a week littered with major economic releases, central bank meetings and earnings updates from mega caps Amazon and Apple, though rising Japanese bond yields were a risk. The early impetus for shares was positive following Friday's U.S. data showing an easing in wage costs and core inflation, which fuelled hopes the Federal Reserve was done tightening. The Bank of England is widely expected to raise rates by at least a quarter point, but markets are more divided on whether the Reserve Bank of Australia will hike or stay on hold.  ( 8 min )

Oil prices hovered near three-month highs on Monday, set to post their biggest monthly gains in over a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply. Saudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day (bpd) for another month to include September, analysts said. "Oil prices are up 18% since mid-June as record high demand and Saudi supply cuts have brought back deficits, and as the market has abandoned its growth pessimism," Goldman Sachs analysts said in a July 30 note.  ( 7 min )

Oil prices hovered near three-month highs on Monday, set to post their biggest monthly gains in over a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply. Saudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day (bpd) for another month to include September, analysts said. "Oil prices are up 18% since mid-June as record high demand and Saudi supply cuts have brought back deficits, and as the market has abandoned its growth pessimism," Goldman Sachs analysts said in a July 30 note.  ( 7 min )

The EV market has become extremely competitive in 2023, and while some of the smaller players are getting crushed, smart investors are betting on highly profitable niches such as electric boats  ( 18 min )

(Bloomberg) -- Investors on Wall Street and beyond are betting that the great tech rally of 2023 has staying power, even as they appear skeptical that the artificial-intelligence era will live up to the hype. Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bon  ( 9 min )

(Bloomberg) -- In a turnaround that’s already taken it from one of the world’s biggest gold buyers to a top seller this year, Kazakhstan’s central bank is looking to cut the metal’s share to as low as half of its $34.5 billion reserves.Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card Surcharg  ( 33 min )

Both CDs and high-yield savings accounts are paying record rates right now, with dozens of options that earn 5.00% or more. Find out how to choose what's best for you.  ( 19 min )

Amazon shares gained after reporting delivery times to its Prime members in the second quarter were the fastest ever.  ( 16 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 20 min )

The S&P 500 was little changed to start the week on Monday, July 31, 2023, edging 0.2% higher as oil stocks gained on the back of higher oil prices.  ( 18 min )

U.S. consumers ramped up their spending on material goods during the pandemic and haven’t looked back, and economists are wondering just how long the shopping spree will last.  ( 17 min )

Biotechnology is the scientific study of using living organisms to develop healthcare products and processes. Learn how to invest in biotech companies.  ( 27 min )

Even as some of the original meme stocks lose momentum, Tupperware is the newest member of the group with shares rising about 450% in just a month.  ( 19 min )

The Dow closed July with a gain of 3%, moving up 100 points, or 0.28% on the session, as investors watch earnings and prepare for Friday’s job report.  ( 18 min )

Disney shares gained as the entertainment giant reportedly brought back two former execs to advise CEO Bob Iger.  ( 16 min )

Johnson & Johnson shares dropped after a judge ruled against its plan to resolve talcum powder-related lawsuits.  ( 17 min )

One in five homeowners have mortgage rates greater than 5% and are twice as likely to sell their homes, compared to the vast majority of homeowners with lower rates who feel locked in, a new Zillow survey found.  ( 18 min )

Cash flow is the net cash and cash equivalents that move in and out of a company's financial statement.  ( 26 min )

Most banks toughened up their lending standards in the second quarter, and plan to continue to do so in the near future out of concern for the economic outlook, making it harder for businesses and individuals to take out loans.  ( 17 min )

Despite current challenges in the U.S. economy, approximately 75% of mid-sized business owners plan to expand their businesses over the next 12 months.  ( 17 min )

Find out how Americans in their 20s can benefit from a well-thought-out life insurance policy, especially if they are able to build cash value.  ( 26 min )

Netspend and PayPal both allow fund transfers and they work in conjunction with each other. Find out more about Netspend prepaid cards and how the process works.  ( 21 min )

Personal loan rates moved up sharply this week to 20.86%, jumping 31 basis points since last week when the average personal loan rate sat at 20.55%.  ( 18 min )

Find out the pros and cons of borrowing against your life insurance policy to determine if this loan type is the right financial decision for you.  ( 22 min )

Crude oil inventories at the Cushing, Oklahoma, hub fell by 2.9 million barrels in the week ended July 14, the steepest drawdown since October 2021.  ( 17 min )

The first nuclear reactor built from scratch in the U.S. in decades has entered operation at a power plant in Georgia, which could present opportunities for the nuclear industry and investors.  ( 18 min )

Life insurance premium financing lets high net worth individuals buy costly insurance without liquidating assets, but there are risks involved.  ( 22 min )

A capital gains tax is a levy on the profit that an investor makes from the sale of an investment such as stock shares. Here's how to calculate it.  ( 35 min )

Allocational efficiency is the efficient allocation of resources that leads to maximum overall satisfaction in the economy.  ( 19 min )

Performance management helps managers monitor and evaluate employees' work and align it with the company's goals.  ( 22 min )

A subsidiary is a company that is more than 50% owned by another company. The owner is usually referred to as the parent company or holding company.  ( 25 min )

After the Fed's latest rate hike, which may not have been its last, we search for points of weakness and areas of continued strength in the markets with Kenny Polcari. "Irrational exuberance" makes a return as a catchphrase. Is 2023 really like 1996?  ( 19 min )

Cryptocurrencies continue to gain traction with investors around the world. Explore how leading countries are regulating the emerging asset class.  ( 28 min )

U.S. equities advanced at midday on Monday, July 31, 2023, heading for a winning month on strong earnings and easing inflation.  ( 16 min )

A target rate is a key interest rate that a central bank targets to guide monetary policy.  ( 22 min )

The bipartisan bill taps into the public’s overwhelming support for banning stock trading among members of Congress and top White House officials.  ( 19 min )

Mortgage rates climbed again, taking the 30-year and other rate averages to their highest levels in more than two weeks, and the jumbo 30-year average to a 14-year high.  ( 20 min )

The SEC's recent enforcement push seeks to protect cryptocurrency investors.  ( 26 min )

The world's largest retailer by revenue, Walmart, doubled down on its India bet by increasing its stake in Flipkart, an Indian e-commerce player.  ( 18 min )

Onsemi beat estimates on profit, sales, and guidance on increased demand for its automotive and industrial chips. Shares hit an all-time high on the news.  ( 16 min )

Student loan borrowers facing the resumption of payments on federally-held loans in October can now apply for a new kind of repayment plan that offers lower monthly payments.  ( 18 min )

Shares of SoFi Technologies skyrocketed as the online bank posted better-than-expected results on strong loan demand and deposits.  ( 17 min )

Cash-strapped, with $1.3 billion in debt due next year, trucking company Yellow is shuttering operations amid a union standoff.  ( 17 min )

The prime rate is the interest rate that commercial banks charge their most creditworthy customers.  ( 26 min )

Bond funds dominated first-half 2023 global investment flows as investors reached for rising yields, while those same higher yields caused jitters that led to outflows in other asset classes.  ( 18 min )

The federal funds rate is the target interest rate set by the Fed at which commercial banks borrow and lend their extra reserves to one another overnight.  ( 26 min )

Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.  ( 29 min )

Shares of SoFi Networks surged ahead of its earnings report and trucking company Yellow shut down operations as it prepares for bankruptcy. Here’s what investors need to know today.  ( 17 min )

Overlay refers to an asset management style that uses software to harmonize an investor's separately managed accounts, preventing inefficiencies and ensuring strategies are implemented and coordinated correctly.  ( 19 min )

Homeowners insurance covers the home, your personal property, and liability claims. Find out if you need a special policy to insure a modular or manufactured home.  ( 23 min )

A conditional prepayment rate is an estimate of the percentage of a loan pool's principal that is likely to be paid off prematurely.  ( 20 min )

A reservation of rights letter is provided to the insured party indicating that a claim may not be covered under the policy.  ( 18 min )

How to take short positions on Chinese stocks using long and short exchange traded funds.  ( 18 min )

Long-term care insurance coverage provides for the care of people over age 65 or with a chronic or disabling condition who need constant care.  ( 22 min )

Free cash flow (FCF) represents the cash a company can generate after accounting for capital expenditures needed to maintain or maximize its asset base.  ( 28 min )

Find out more about collateralized mortgage obligations and mortgage-backed securities and the difference between the two asset-backed securities.  ( 18 min )

Voodoo economics is a popular phrase first used by then-presidential candidate George H.W. Bush to cast doubt on Ronald Reagan's economic policy proposals.  ( 21 min )

Discover three exchange-traded funds (ETFs) that investors seeking to emulate the investment strategies of Warren Buffett may wish to consider.  ( 19 min )

Discover how bonds are traded as investment securities and understand the various terms used in bond trading, including par value and market price.  ( 22 min )

A bond's yield to maturity is the total interest it will earn, while its spot rate is the price it is worth at any given time in the bond markets. Here's why a bond's spot rate fluctuates even though its interest rate is set.  ( 21 min )

An exchange traded commodity (ETC) could be colloquially used to refer to a commodity ETF, but an ETC is actually a product name for a specific type of security.  ( 22 min )

Understand the differences between the Sharpe ratio and the Sortino ratio, two risk-adjusted returns on investment calculations, and when to use each one.  ( 19 min )

Discover what CareCredit can be used for, where it is accepted and how it differs from traditional credit cards in relation to health care.  ( 19 min )

Net operating income and operating cash flow are different metrics used in measuring the financial viability of an investment or a company.  ( 18 min )

If you're going to invest in ETFs, you should know the intricacies of expense ratios.  ( 21 min )